63,900 Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Purchased by Prudential Financial Inc.

Prudential Financial Inc. acquired a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the fourth quarter, HoldingsChannel reports. The fund acquired 63,900 shares of the company’s stock, valued at approximately $1,718,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Atour Lifestyle by 24.6% during the third quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock worth $26,215,000 after buying an additional 199,330 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Atour Lifestyle during the 4th quarter worth $24,433,000. FMR LLC increased its position in shares of Atour Lifestyle by 352.7% in the 3rd quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after purchasing an additional 693,342 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Atour Lifestyle by 135.2% in the 4th quarter. Jupiter Asset Management Ltd. now owns 581,300 shares of the company’s stock valued at $15,631,000 after purchasing an additional 334,200 shares in the last quarter. Finally, Sei Investments Co. bought a new position in shares of Atour Lifestyle during the fourth quarter worth about $4,325,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Trading Down 8.4 %

NASDAQ:ATAT opened at $26.15 on Friday. The firm has a market capitalization of $3.60 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 0.59 and a beta of 0.51. Atour Lifestyle Holdings Limited has a 52 week low of $15.22 and a 52 week high of $33.32. The stock has a 50 day moving average of $29.36 and a 200-day moving average of $27.37.

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 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 firm had revenue of $285.58 million for the quarter, compared to analyst estimates of $275.49 million. As a group, analysts predict that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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