HighTower Advisors LLC Invests $512,000 in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)
HighTower Advisors LLC has invested $512,000 in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by acquiring 19,027 shares during the 4th quarter. Other institutional investors, including Citigroup and FMR LLC, have also increased their stakes in the company. Analysts have given Atour Lifestyle a "buy" rating, with target prices ranging from $34.40 to $37.30. The stock is currently down 2.3%, trading at $28.45, with a market cap of $3.91 billion and a PE ratio of 24.53. Atour Lifestyle reported a quarterly EPS of $0.33, exceeding expectations.
HighTower Advisors LLC bought a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,027 shares of the company's stock, valued at approximately $512,000.
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A number of other hedge funds and other institutional investors also recently bought and sold shares of ATAT. Citigroup Inc. increased its stake in Atour Lifestyle by 28.9% in the third quarter. Citigroup Inc. now owns 171,908 shares of the company's stock valued at $4,459,000 after purchasing an additional 38,524 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Atour Lifestyle by 49.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 62,702 shares of the company's stock worth $1,626,000 after acquiring an additional 20,869 shares in the last quarter. FMR LLC lifted its position in Atour Lifestyle by 352.7% in the third quarter. FMR LLC now owns 889,942 shares of the company's stock valued at $23,085,000 after acquiring an additional 693,342 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Atour Lifestyle in the third quarter valued at $2,741,000. Finally, Walleye Capital LLC purchased a new position in shares of Atour Lifestyle during the third quarter worth about $649,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on ATAT shares. Bank of America boosted their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a report on Friday, March 14th. The Goldman Sachs Group started coverage on Atour Lifestyle in a report on Monday, December 9th. They issued a "buy" rating and a $34.40 price objective for the company. Finally, UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th.
Check Out Our Latest Stock Report on Atour Lifestyle
Atour Lifestyle Stock Down 2.3 %
Shares of ATAT stock opened at $28.45 on Monday. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32. The stock's 50-day moving average price is $29.18 and its 200 day moving average price is $27.14. The stock has a market capitalization of $3.91 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 0.59 and a beta of 0.37.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $275.49 million. Analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.
Atour Lifestyle Profile
(Free Report)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.
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