Monolith Management Ltd bought a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 107,304 shares of the company's stock, valued at approximately $2,885,000. Atour Lifestyle comprises 1.5% of Monolith Management Ltd's portfolio, making the stock its 18th largest position. Monolith Management Ltd owned about 0.08% of Atour Lifestyle at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pictet Asset Management Holding SA bought a new stake in shares of Atour Lifestyle during the fourth quarter worth about $155,000. Cornerstone Investment Partners LLC bought a new stake in shares of Atour Lifestyle during the fourth quarter worth about $213,000. O Shaughnessy Asset Management LLC bought a new stake in Atour Lifestyle in the fourth quarter valued at approximately $394,000. Trivest Advisors Ltd bought a new stake in Atour Lifestyle in the fourth quarter valued at approximately $457,000. Finally, HighTower Advisors LLC bought a new stake in Atour Lifestyle in the fourth quarter valued at approximately $512,000. Institutional investors own 17.79% of the company's stock.
Atour Lifestyle Price Performance
Shares of NASDAQ:ATAT traded down $0.01 during trading on Wednesday, reaching $24.17. 362,216 shares of the stock were exchanged, compared to its average volume of 1,285,892. Atour Lifestyle Holdings Limited has a 1-year low of $15.22 and a 1-year high of $33.31. The stock has a fifty day moving average of $27.46 and a two-hundred day moving average of $27.16. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 0.59 and a beta of 0.51.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The business had revenue of $285.58 million during 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%. Sell-side analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on ATAT shares. Bank of America upped their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a report on Friday, March 14th. UBS Group set a $37.30 price target on Atour Lifestyle and gave the company a "buy" rating in a research note on Thursday, March 6th.
Check Out Our Latest Stock Report 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.
Read More
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
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
