Lighthouse Investment Partners LLC acquired a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,000 shares of the company's stock, valued at approximately $296,000.
A number of other institutional investors have also recently bought and sold shares of ATAT. Pictet Asset Management Holding SA bought a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $155,000. AdvisorShares Investments LLC bought a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $188,000. Cornerstone Investment Partners LLC bought a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $213,000. Deutsche Bank AG bought a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $235,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $394,000. Institutional investors own 17.79% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th. Bank of America raised their target price on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research report on Friday, March 14th.
Check Out Our Latest Analysis on ATAT
Atour Lifestyle Stock Up 0.2%
Shares of ATAT stock traded up $0.06 during trading hours on Tuesday, hitting $30.70. 694,165 shares of the company's stock traded hands, compared to its average volume of 1,239,488. The stock's 50 day simple moving average is $26.77 and its 200 day simple moving average is $27.24. The stock has a market cap of $4.22 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. 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 posted its quarterly 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, equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.
Atour Lifestyle Profile
(
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.
Recommended Stories
Before you consider Atour Lifestyle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atour Lifestyle wasn't on the list.
While Atour Lifestyle currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
