Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys New Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the fourth quarter, Holdings Channel reports. The fund purchased 40,550 shares of the company’s stock, valued at approximately $1,090,000.

A number of other institutional investors also recently bought and sold shares of ATAT. William Blair Investment Management LLC purchased a new position in shares of Atour Lifestyle during the fourth quarter worth $24,433,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in Atour Lifestyle by 174.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company’s stock worth $28,965,000 after purchasing an additional 709,700 shares during the period. FMR LLC raised its stake in shares of Atour Lifestyle by 352.7% during the 3rd quarter. FMR LLC now owns 889,942 shares of the company’s stock valued at $23,085,000 after buying an additional 693,342 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Atour Lifestyle by 135.2% in the fourth quarter. Jupiter Asset Management Ltd. now owns 581,300 shares of the company’s stock worth $15,631,000 after buying an additional 334,200 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Atour Lifestyle by 24.6% during 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 in the last quarter. 17.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. The Goldman Sachs Group began coverage on Atour Lifestyle in a research report on Monday, December 9th. They issued a “buy” rating and a $34.40 price objective on the stock. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, Bank of America upped their price objective on shares of 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

Shares of ATAT stock opened at $28.57 on Thursday. The stock has a 50 day simple moving average of $29.05 and a 200-day simple moving average of $26.96. 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 $3.93 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 0.59 and a beta of 0.37.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $275.49 million. Analysts anticipate 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.