Price T Rowe Associates Inc. MD Sells 722,211 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Price T Rowe Associates Inc. MD reduced its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 82.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,485 shares of the company's stock after selling 722,211 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.11% of Atour Lifestyle worth $4,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of Atour Lifestyle in the 4th quarter worth $1,344,000. JPMorgan Chase & Co. boosted its holdings in Atour Lifestyle by 39.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock worth $38,012,000 after buying an additional 402,974 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Atour Lifestyle during the 4th quarter worth about $1,718,000. Arrowstreet Capital Limited Partnership raised its position in shares of Atour Lifestyle by 1,250.0% in 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 bought a new position in Atour Lifestyle during the 4th quarter worth approximately $36,489,000. 17.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ATAT. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the company a "buy" rating in a research note on Thursday, March 6th. Bank of America upped their price objective 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.

Atour Lifestyle Stock Performance

NASDAQ ATAT traded up $0.11 during trading hours on Friday, reaching $28.52. 1,491,549 shares of the company's stock were exchanged, compared to its average volume of 1,229,936. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $33.32. The company's 50-day moving average is $26.82 and its two-hundred day moving average is $27.11. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59.

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

About Atour Lifestyle

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.