Legal & General Group Plc lifted its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 5,563.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 72,100 shares of the company's stock after acquiring an additional 70,827 shares during the period. Legal & General Group Plc owned approximately 0.05% of Atour Lifestyle worth $1,939,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Pictet Asset Management Holding SA acquired a new stake in Atour Lifestyle during the 4th quarter valued at approximately $155,000. Cornerstone Investment Partners LLC acquired a new position in Atour Lifestyle during the fourth quarter valued at $213,000. O Shaughnessy Asset Management LLC purchased a new stake in Atour Lifestyle in the fourth quarter valued at $394,000. Trivest Advisors Ltd acquired a new stake in Atour Lifestyle during the 4th quarter worth about $457,000. Finally, HighTower Advisors LLC purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at about $512,000. Institutional investors and hedge funds own 17.79% of the company's stock.
Atour Lifestyle Trading Up 1.1 %
Shares of Atour Lifestyle stock traded up $0.26 during trading hours on Wednesday, reaching $24.44. The stock had a trading volume of 858,718 shares, compared to its average volume of 1,213,644. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $33.32. The firm has a market capitalization of $3.36 billion, a PE ratio of 21.07, a PEG ratio of 0.59 and a beta of 0.51. The stock's 50 day moving average is $27.32 and its 200 day moving average is $27.14.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $285.58 million for the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. As a group, sell-side analysts predict that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms recently commented on ATAT. Bank of America raised their target price on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a report on Friday, March 14th. UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th.
Get 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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