NASDAQ:ATAT - Free Report ) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 171,658 shares of the company's stock, valued at approximately $2,980,000. Atour Lifestyle accounts for approximately 3.8% of AI Squared Management Ltd's investment portfolio, making the stock its 8th biggest holding. AI Squared Management Ltd owned 0.12% of Atour Lifestyle as of its most recent SEC filing.
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A number of other institutional investors have also added to or reduced their stakes in the stock. Sylebra Capital LLC purchased a new stake in Atour Lifestyle in the third quarter valued at approximately $22,073,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Atour Lifestyle during the 4th quarter valued at about $13,685,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at about $8,045,000. Burgundy Asset Management Ltd. grew its position in 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. Finally, Schroder Investment Management Group bought a new position in Atour Lifestyle during the third quarter valued at approximately $6,925,000. Hedge funds and other institutional investors own 17.79% of the company's stock.
Wall Street Analysts Forecast Growth Several equities analysts recently commented on the stock. Macquarie assumed coverage on shares of Atour Lifestyle in a report on Monday, April 22nd. They set an "outperform" rating and a $26.00 target price on the stock. Bank of America decreased their price objective on Atour Lifestyle from $25.00 to $23.70 and set a "buy" rating on the stock in a report on Monday, April 1st.
Check Out Our Latest Stock Analysis on Atour Lifestyle
Atour Lifestyle Price Performance Atour Lifestyle stock traded up $0.11 during mid-day trading on Thursday, reaching $18.41. The stock had a trading volume of 532,721 shares, compared to its average volume of 632,539. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 0.51 and a beta of 0.59. Atour Lifestyle Holdings Limited has a one year low of $14.80 and a one year high of $23.00. The company has a 50-day moving average price of $18.56 and a two-hundred day moving average price of $18.20.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report ) last posted its earnings results on Thursday, March 28th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. Atour Lifestyle had a return on equity of 42.81% and a net margin of 15.66%. The business had revenue of $212.01 million during the quarter, compared to analyst estimates of $177.28 million. On average, equities research analysts anticipate that Atour Lifestyle Holdings Limited will post 1.04 earnings per share for the current fiscal year.
About Atour Lifestyle (
Free Report )
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.
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