OLP CAPITAL MANAGEMENT Ltd Purchases 1,052,822 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

OLP CAPITAL MANAGEMENT Ltd boosted its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,202,395 shares of the company's stock after purchasing an additional 1,052,822 shares during the quarter. Atour Lifestyle comprises approximately 24.5% of OLP CAPITAL MANAGEMENT Ltd's investment portfolio, making the stock its 2nd largest holding. OLP CAPITAL MANAGEMENT Ltd owned about 5.23% of Atour Lifestyle worth $193,672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in shares of Atour Lifestyle during the 4th quarter worth $1,344,000. JPMorgan Chase & Co. raised its position in Atour Lifestyle by 39.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock worth $38,012,000 after acquiring an additional 402,974 shares during the period. Prudential Financial Inc. purchased a new position in Atour Lifestyle in the fourth quarter valued at about $1,718,000. Arrowstreet Capital Limited Partnership grew its position in shares of Atour Lifestyle by 1,250.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company's stock valued at $11,962,000 after acquiring an additional 411,893 shares during the period. Finally, Norges Bank purchased a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $36,489,000. Institutional investors own 17.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ATAT shares. UBS Group set a $37.30 price target on Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th. Bank of America increased their target price on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th.

Atour Lifestyle Trading Up 4.3%

Shares of NASDAQ ATAT opened at $29.67 on Tuesday. The stock's 50-day moving average is $26.79 and its 200 day moving average is $27.14. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a 1-year low of $15.22 and a 1-year high of $33.32.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. The firm had revenue of $285.58 million for the quarter, compared to the consensus estimate of $275.49 million. On average, analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Atour Lifestyle 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.

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