Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 758.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,098 shares of the company’s stock after buying an additional 73,418 shares during the period. Alliancebernstein L.P. owned approximately 0.06% of Atour Lifestyle worth $2,235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp acquired a new position in Atour Lifestyle during the 3rd quarter valued at about $2,776,000. Wellington Management Group LLP purchased a new position in shares of Atour Lifestyle in the third quarter worth approximately $1,251,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Atour Lifestyle during the third quarter valued at approximately $143,000. Geode Capital Management LLC lifted its position in shares of Atour Lifestyle by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock valued at $1,794,000 after acquiring an additional 863 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Atour Lifestyle by 24.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock worth $26,215,000 after purchasing an additional 199,330 shares during the period. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Trading Up 2.3 %

Shares of Atour Lifestyle stock opened at $23.93 on Thursday. 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 cap of $3.29 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 0.59 and a beta of 0.51. The company’s fifty day simple moving average is $28.63 and its 200-day simple moving average is $27.38.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. As a group, research analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ATAT has been the subject of a number of research reports. 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 lifted their target price on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a “buy” rating in a report on Friday, March 14th.

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.