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

Price T Rowe Associates Inc. MD trimmed its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 82.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Atour Lifestyle by 1.3% during the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company's stock worth $1,794,000 after purchasing an additional 863 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Atour Lifestyle by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company's stock valued at $26,215,000 after acquiring an additional 199,330 shares during the period. Lester Murray Antman dba SimplyRich boosted its stake in shares of Atour Lifestyle by 11.9% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock worth $626,000 after buying an additional 2,469 shares during the period. Nkcfo LLC acquired a new stake in Atour Lifestyle during the 4th quarter worth approximately $538,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Atour Lifestyle during the fourth quarter worth $1,344,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ATAT shares. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th. Bank of America boosted their target price on 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 Price Performance

Atour Lifestyle stock traded up $0.11 during mid-day trading on Friday, reaching $28.52. The company had a trading volume of 855,271 shares, compared to its average volume of 1,225,547. The stock's 50-day simple moving average is $26.83 and its 200-day simple moving average is $27.09. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.32. The company has a market capitalization of $3.92 billion, a P/E ratio of 24.59, a P/E/G ratio of 0.59 and a beta of 0.59.

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

Atour Lifestyle Company 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.