Triata Capital Ltd bought a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 386,903 shares of the company's stock, valued at approximately $10,404,000. Atour Lifestyle makes up about 4.3% of Triata Capital Ltd's holdings, making the stock its 7th biggest position. Triata Capital Ltd owned approximately 0.28% of Atour Lifestyle as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Quantedge Capital Pte Ltd purchased a new stake in shares of Atour Lifestyle in the 4th quarter valued at $3,996,000. Man Group plc lifted its stake in Atour Lifestyle by 21.8% in the fourth quarter. Man Group plc now owns 2,051,797 shares of the company's stock worth $55,173,000 after purchasing an additional 366,872 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Atour Lifestyle by 191.6% in the fourth quarter. Nuveen Asset Management LLC now owns 65,900 shares of the company's stock worth $1,772,000 after purchasing an additional 43,300 shares during the last quarter. OLP CAPITAL MANAGEMENT Ltd grew its stake in shares of Atour Lifestyle by 17.1% during the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock valued at $193,672,000 after buying an additional 1,052,822 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Atour Lifestyle by 157.7% during the fourth quarter. Millennium Management LLC now owns 883,272 shares of the company's stock valued at $23,751,000 after buying an additional 540,491 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors.
Atour Lifestyle Stock Performance
Shares of NASDAQ ATAT traded down $0.33 during trading hours on Friday, hitting $32.53. The company's stock had a trading volume of 638,334 shares, compared to its average volume of 1,256,716. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $34.23. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 0.59 and a beta of 0.59. The business has a 50-day simple moving average of $26.80 and a 200-day simple moving average of $27.33.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $285.58 million for the quarter, compared to analyst estimates of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. On average, equities research analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.
Atour Lifestyle declared that its Board of Directors has initiated a share buyback plan on Thursday, May 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.
Analysts Set New Price Targets
A number of research firms have recently weighed in on ATAT. Citigroup boosted their target price on Atour Lifestyle from $36.50 to $38.00 and gave the company a "buy" rating in a research note on Friday. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th. Wall Street Zen raised Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Finally, Bank of America lifted their target price on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research note on Friday, March 14th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Atour Lifestyle currently has a consensus rating of "Buy" and an average price target of $36.63.
Read Our Latest Analysis on ATAT
About Atour Lifestyle
(
Free Report)
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.
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