Lighthouse Investment Partners LLC Acquires New Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Lighthouse Investment Partners LLC bought a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,000 shares of the company's stock, valued at approximately $296,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deutsche Bank AG purchased a new stake in Atour Lifestyle during the 4th quarter worth approximately $235,000. D. E. Shaw & Co. Inc. boosted its holdings in Atour Lifestyle by 166.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 862,822 shares of the company's stock valued at $23,201,000 after purchasing an additional 538,832 shares during the last quarter. Centiva Capital LP purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at about $494,000. Caxton Associates LP lifted its holdings in Atour Lifestyle by 296.2% in the fourth quarter. Caxton Associates LP now owns 94,434 shares of the company's stock valued at $2,539,000 after acquiring an additional 70,602 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Atour Lifestyle by 8.3% during the fourth quarter. Bank of America Corp DE now owns 3,534,543 shares of the company's stock worth $95,044,000 after buying an additional 269,656 shares in the last quarter. 17.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ATAT. Bank of America upped their price target 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 Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th.

Atour Lifestyle Trading Down 2.1%

NASDAQ:ATAT traded down $0.64 during trading hours on Wednesday, reaching $30.18. 436,738 shares of the company were exchanged, compared to its average volume of 1,240,027. The firm has a market cap of $4.17 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $33.32. The stock's 50-day moving average is $26.79 and its 200-day moving average is $27.27.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The business had revenue of $285.58 million during 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%. As a group, research analysts anticipate that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current 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.