Vanguard Group Inc. Sells 11,836 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Vanguard Group Inc. trimmed its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 0.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,027,783 shares of the company’s stock after selling 11,836 shares during the period. Vanguard Group Inc.’s holdings in Atour Lifestyle were worth $54,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Atour Lifestyle by 24.6% in the 3rd 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 during the last quarter. William Blair Investment Management LLC purchased a new position in Atour Lifestyle in the 4th quarter worth about $24,433,000. Jupiter Asset Management Ltd. lifted its holdings in Atour Lifestyle by 135.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 581,300 shares of the company’s stock valued at $15,631,000 after buying an additional 334,200 shares in the last quarter. Sei Investments Co. bought a new stake in Atour Lifestyle during the 4th quarter valued at about $4,325,000. Finally, State Street Corp purchased a new stake in Atour Lifestyle in the 3rd quarter valued at about $2,776,000. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Stock Performance

NASDAQ ATAT opened at $22.21 on Friday. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $33.32. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 0.59 and a beta of 0.51. The company’s 50-day simple moving average is $28.82 and its two-hundred day simple moving average is $27.43.

Atour Lifestyle (NASDAQ:ATAT) last issued 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. The company had revenue of $285.58 million for the quarter, compared to analyst estimates of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. Equities analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ATAT. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the stock a “buy” rating in a research report on Thursday, March 6th. Bank of America raised their price objective on 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.