Quantedge Capital Pte Ltd Purchases Shares of 148,600 Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Quantedge Capital Pte Ltd acquired a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 148,600 shares of the company's stock, valued at approximately $3,996,000. Atour Lifestyle comprises approximately 1.5% of Quantedge Capital Pte Ltd's portfolio, making the stock its 22nd biggest holding. Quantedge Capital Pte Ltd owned approximately 0.11% of Atour Lifestyle as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in Atour Lifestyle during the 4th quarter worth approximately $1,344,000. JPMorgan Chase & Co. raised its holdings in shares of Atour Lifestyle by 39.9% in the 4th 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 last quarter. Prudential Financial Inc. bought a new position in Atour Lifestyle in the 4th quarter valued at about $1,718,000. Arrowstreet Capital Limited Partnership boosted its stake in 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 purchasing an additional 411,893 shares during the last quarter. Finally, Norges Bank purchased a new stake in Atour Lifestyle in the 4th quarter valued at $36,489,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Stock Performance

Shares of ATAT stock opened at $29.62 on Wednesday. The company has a market capitalization of $4.08 billion, a P/E ratio of 25.53, a PEG ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $33.32. The stock has a 50 day moving average price of $26.77 and a two-hundred day moving average price of $27.15.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly 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. 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 during the quarter, compared to analysts' expectations of $275.49 million. As a group, equities analysts predict that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Bank of America upped their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research note on Friday, March 14th. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock a "buy" rating in a report on Thursday, March 6th.

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.

Want to see what other hedge funds are holding ATAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.