Federated Hermes Inc. Sells 2,794 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Federated Hermes Inc. trimmed its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 52.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,556 shares of the company’s stock after selling 2,794 shares during the quarter. Federated Hermes Inc.’s holdings in Atour Lifestyle were worth $69,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in Atour Lifestyle in the third quarter worth $143,000. Pictet Asset Management Holding SA bought a new stake in shares of Atour Lifestyle in the 4th quarter valued at about $155,000. Cornerstone Investment Partners LLC purchased a new stake in Atour Lifestyle during the 4th quarter valued at about $213,000. O Shaughnessy Asset Management LLC bought a new position in Atour Lifestyle during the 4th quarter worth approximately $394,000. Finally, Trivest Advisors Ltd purchased a new position in Atour Lifestyle in the 4th quarter worth approximately $457,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ATAT has been the subject of several analyst reports. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the company a “buy” rating in a research report on Thursday, March 6th. Bank of America lifted their price target on 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

Shares of NASDAQ ATAT opened at $23.94 on Friday. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32. The company has a market cap of $3.29 billion, a PE ratio of 20.64, a P/E/G ratio of 0.59 and a beta of 0.51. The firm’s 50 day moving average price is $28.45 and its 200-day moving average price is $27.35.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. The business had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. On average, analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 earnings per share 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.