OVERSEA CHINESE BANKING Corp Ltd Makes New $13.69 Million Investment in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 788,296 shares of the company's stock, valued at approximately $13,685,000. OVERSEA CHINESE BANKING Corp Ltd owned 0.57% of Atour Lifestyle at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Schroder Investment Management Group acquired a new position in shares of Atour Lifestyle during the third quarter valued at approximately $6,925,000. Nomura Holdings Inc. raised its holdings in shares of Atour Lifestyle by 157.0% during the third quarter. Nomura Holdings Inc. now owns 320,045 shares of the company's stock valued at $6,033,000 after acquiring an additional 195,493 shares during the last quarter. Barclays PLC raised its holdings in shares of Atour Lifestyle by 263.5% during the third quarter. Barclays PLC now owns 30,210 shares of the company's stock valued at $569,000 after acquiring an additional 21,900 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Atour Lifestyle during the fourth quarter valued at approximately $8,045,000. Finally, Burgundy Asset Management Ltd. raised its holdings in shares of Atour Lifestyle by 22.0% during the third quarter. Burgundy Asset Management Ltd. now owns 376,603 shares of the company's stock valued at $7,099,000 after acquiring an additional 67,855 shares during the last quarter. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Stock Performance

Shares of ATAT stock traded down $0.15 during trading hours on Friday, reaching $17.24. The company had a trading volume of 541,016 shares, compared to its average volume of 722,254. The stock has a fifty day moving average of $18.71 and a 200-day moving average of $18.18. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 0.46 and a beta of 0.60. Atour Lifestyle Holdings Limited has a 12-month low of $14.80 and a 12-month high of $25.18.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings results on Thursday, March 28th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The business had revenue of $212.01 million during the quarter, compared to analyst estimates of $177.28 million. Atour Lifestyle had a return on equity of 42.81% and a net margin of 15.66%. On average, analysts forecast that Atour Lifestyle Holdings Limited will post 1.04 EPS for the current year.

Analysts Set New Price Targets

Separately, Bank of America reduced their target price on Atour Lifestyle from $25.00 to $23.70 and set a "buy" rating for the company in a report on Monday, April 1st.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.