Centiva Capital LP Makes New $494,000 Investment in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Centiva Capital LP purchased a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,383 shares of the company's stock, valued at approximately $494,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Lester Murray Antman dba SimplyRich raised its holdings in shares of 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 purchasing an additional 2,469 shares during the period. Nkcfo LLC purchased a new position in shares of Atour Lifestyle in the 4th quarter worth about $538,000. Sanctuary Advisors LLC purchased a new stake in shares of Atour Lifestyle during the 4th quarter valued at about $1,344,000. New York State Common Retirement Fund purchased a new stake in shares of Atour Lifestyle during the 4th quarter valued at about $1,119,000. Finally, Van Berkom & Associates Inc. raised its holdings in shares of Atour Lifestyle by 112.0% during the 4th quarter. Van Berkom & Associates Inc. now owns 71,808 shares of the company's stock valued at $1,931,000 after buying an additional 37,940 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Price Performance

Shares of Atour Lifestyle stock traded up $0.02 during trading on Friday, hitting $29.85. The stock had a trading volume of 215,699 shares, compared to its average volume of 1,271,939. The firm has a market cap of $4.11 billion, a P/E ratio of 25.74, a PEG ratio of 0.59 and a beta of 0.59. The business has a fifty day moving average of $26.77 and a two-hundred day moving average of $27.19. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $33.31.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping 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 company had revenue of $285.58 million for the quarter, compared to analyst estimates of $275.49 million. As a group, research analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group set a $37.30 target price on Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th. Bank of America raised their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research note 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.