Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 146.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 161,846 shares of the company's stock after acquiring an additional 96,259 shares during the quarter. Barclays PLC owned 0.12% of Atour Lifestyle worth $4,352,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in shares of Atour Lifestyle during the fourth quarter worth $1,344,000. JPMorgan Chase & Co. grew its position in Atour Lifestyle by 39.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock valued at $38,012,000 after acquiring an additional 402,974 shares in the last quarter. Prudential Financial Inc. purchased a new stake in Atour Lifestyle during the fourth quarter worth about $1,718,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Atour Lifestyle by 1,250.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company's stock worth $11,962,000 after purchasing an additional 411,893 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Atour Lifestyle in the fourth quarter valued at approximately $36,489,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Wall Street Analysts Forecast Growth

ATAT has been the topic of a number of recent research reports. Bank of America upped their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th. UBS Group set a $37.30 price target on Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th.

Atour Lifestyle Stock Performance

Shares of NASDAQ:ATAT traded up $0.04 during trading hours on Friday, reaching $24.74. The stock had a trading volume of 378,952 shares, compared to its average volume of 1,209,963. The firm's 50 day moving average is $27.22 and its 200-day moving average is $27.11. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 0.59 and a beta of 0.51. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.32.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $285.58 million for the quarter, compared to analysts' expectations of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. Analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

Atour Lifestyle Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People's Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.