52,278 Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. acquired 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 disclosure with the SEC. The firm acquired 52,278 shares of the company's stock, valued at approximately $1,406,000.

A number of other hedge funds also recently bought and sold shares of ATAT. State Street Corp purchased a new position in shares of Atour Lifestyle in the third quarter worth $2,776,000. Geode Capital Management LLC increased its position in shares of Atour Lifestyle by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 69,171 shares of the company's stock valued at $1,794,000 after purchasing an additional 863 shares during the last quarter. JPMorgan Chase & Co. grew its position in Atour Lifestyle by 24.6% during the third quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company's stock valued at $26,215,000 after buying an additional 199,330 shares during the period. Lester Murray Antman dba SimplyRich grew its position in shares of Atour Lifestyle by 11.9% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock valued at $626,000 after acquiring an additional 2,469 shares during the period. Finally, Nkcfo LLC bought a new position in Atour Lifestyle in the 4th quarter worth $538,000. Institutional investors own 17.79% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ATAT shares. Bank of America raised their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research note on Friday, March 14th. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the stock a "buy" rating in a report on Thursday, March 6th.

Atour Lifestyle Stock Up 2.1 %

ATAT stock traded up $0.51 during midday trading on Monday, hitting $25.07. The company's stock had a trading volume of 166,687 shares, compared to its average volume of 1,210,722. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 0.59 and a beta of 0.51. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $33.32. The company has a 50 day moving average of $27.13 and a two-hundred day moving average of $27.11.

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