Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Stock Position Raised by Man Group plc

Man Group plc raised its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 21.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,051,797 shares of the company’s stock after purchasing an additional 366,872 shares during the period. Man Group plc owned 1.49% of Atour Lifestyle worth $55,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pictet Asset Management Holding SA bought a new position in shares of Atour Lifestyle in the fourth quarter valued at approximately $155,000. AdvisorShares Investments LLC acquired a new position in Atour Lifestyle during the 4th quarter worth $188,000. Cornerstone Investment Partners LLC acquired a new position in Atour Lifestyle during the 4th quarter worth $213,000. Deutsche Bank AG acquired a new position in Atour Lifestyle during the 4th quarter worth $235,000. Finally, Lighthouse Investment Partners LLC acquired a new position in Atour Lifestyle during the 4th quarter worth $296,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

Atour Lifestyle Stock Performance

Shares of Atour Lifestyle stock opened at $29.20 on Thursday. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $33.32. The firm has a market cap of $4.02 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. The firm’s 50-day simple moving average is $26.75 and its 200-day simple moving average is $27.17.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $275.49 million. On average, equities analysts forecast 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 research firms have weighed in 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 increased their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research note on Friday, March 14th.

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.