437,905 Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 437,905 shares of the company's stock, valued at approximately $11,775,000. BNP Paribas Financial Markets owned about 0.32% of Atour Lifestyle at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. American Century Companies Inc. boosted its position in shares of Atour Lifestyle by 3.8% during the 4th quarter. American Century Companies Inc. now owns 62,772 shares of the company's stock valued at $1,688,000 after acquiring an additional 2,321 shares during the last quarter. Lester Murray Antman dba SimplyRich lifted its position in Atour Lifestyle by 11.9% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock worth $626,000 after buying an additional 2,469 shares during the last quarter. Jump Financial LLC lifted its position in Atour Lifestyle by 1.5% in the 4th quarter. Jump Financial LLC now owns 180,409 shares of the company's stock worth $4,851,000 after buying an additional 2,620 shares during the last quarter. Invesco Ltd. lifted its position in Atour Lifestyle by 5.4% in the 4th quarter. Invesco Ltd. now owns 67,117 shares of the company's stock worth $1,805,000 after buying an additional 3,437 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Atour Lifestyle by 6.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 66,702 shares of the company's stock worth $1,794,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Trading Down 0.1%

ATAT stock traded down $0.03 during midday trading on Friday, hitting $29.81. The company had a trading volume of 189,100 shares, compared to its average volume of 1,231,159. Atour Lifestyle Holdings Limited has a 52 week low of $15.22 and a 52 week high of $33.32. The stock's 50 day moving average price is $26.77 and its 200 day moving average price is $27.19. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 0.59 and a beta of 0.59.

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

Analyst Upgrades and Downgrades

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

Atour Lifestyle Company 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.