HighTower Advisors LLC Purchases New Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

HighTower Advisors LLC acquired a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the 4th quarter, Holdings Channel.com reports. The firm acquired 19,027 shares of the company’s stock, valued at approximately $512,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citigroup Inc. grew its stake in shares of Atour Lifestyle by 28.9% during the 3rd quarter. Citigroup Inc. now owns 171,908 shares of the company’s stock worth $4,459,000 after purchasing an additional 38,524 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Atour Lifestyle by 49.9% during the third quarter. The Manufacturers Life Insurance Company now owns 62,702 shares of the company’s stock worth $1,626,000 after buying an additional 20,869 shares in the last quarter. FMR LLC grew its position in Atour Lifestyle by 352.7% during the third quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after buying an additional 693,342 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Atour Lifestyle in the third quarter valued at about $2,741,000. Finally, Walleye Capital LLC purchased a new position in Atour Lifestyle in the third quarter valued at about $649,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Analyst Ratings Changes

ATAT has been the topic of several research analyst reports. Bank of America boosted their price target on Atour Lifestyle from $35.30 to $36.80 and gave the stock a “buy” rating in a research note on Friday, March 14th. UBS Group set a $37.30 target price on Atour Lifestyle and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group started coverage on Atour Lifestyle in a research report on Monday, December 9th. They issued a “buy” rating and a $34.40 price target for the company.

Atour Lifestyle Price Performance

Shares of ATAT opened at $28.45 on Monday. Atour Lifestyle Holdings Limited has a 1-year low of $15.22 and a 1-year high of $33.32. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 0.59 and a beta of 0.37. The firm has a 50 day simple moving average of $29.18 and a 200-day simple moving average of $27.14.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share 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 company had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. On average, equities analysts expect 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.