BNP Paribas Financial Markets Purchases New Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

BNP Paribas Financial Markets bought a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 437,905 shares of the company's stock, valued at approximately $11,775,000. BNP Paribas Financial Markets owned approximately 0.32% of Atour Lifestyle at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ATAT. Norges Bank bought a new stake in Atour Lifestyle during the fourth quarter worth about $36,489,000. William Blair Investment Management LLC bought a new stake in shares of Atour Lifestyle during the 4th quarter valued at $24,433,000. 3G Capital Partners LP increased its position in shares of Atour Lifestyle by 263.6% in the 4th quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company's stock valued at $26,890,000 after buying an additional 725,000 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Atour Lifestyle by 56.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,218,468 shares of the company's stock valued at $32,765,000 after buying an additional 441,200 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Atour Lifestyle by 1,250.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company's stock valued at $11,962,000 after buying an additional 411,893 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ATAT has been the subject of a number of research analyst reports. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th. Bank of America raised their price objective on shares of 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 Stock Performance

Shares of NASDAQ:ATAT traded down $0.42 during mid-day trading on Wednesday, reaching $29.20. 1,303,226 shares of the company's stock were exchanged, compared to its average volume of 1,232,155. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 0.59 and a beta of 0.59. The business's fifty day moving average price is $26.77 and its 200-day moving average price is $27.15. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month 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 EPS 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 EPS for the current fiscal year.

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.