Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 166.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 862,822 shares of the company's stock after purchasing an additional 538,832 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.63% of Atour Lifestyle worth $23,201,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ATAT. Pictet Asset Management Holding SA acquired a new position in Atour Lifestyle during the fourth quarter worth approximately $155,000. AdvisorShares Investments LLC bought a new position in shares of Atour Lifestyle in the 4th quarter valued at $188,000. Cornerstone Investment Partners LLC bought a new stake in Atour Lifestyle in the 4th quarter valued at about $213,000. O Shaughnessy Asset Management LLC bought a new stake in Atour Lifestyle in the 4th quarter valued at about $394,000. Finally, Trivest Advisors Ltd acquired a new position in Atour Lifestyle during the 4th quarter valued at about $457,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Stock Up 2.2%

Shares of NASDAQ ATAT traded up $0.63 on Thursday, reaching $29.83. 1,151,834 shares of the company's stock traded hands, compared to its average volume of 1,231,835. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. The business's 50 day simple moving average is $26.75 and its two-hundred day simple moving average is $27.17. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $33.32.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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