Renaissance Group LLC Purchases New Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Renaissance Group LLC purchased a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 316,532 shares of the company’s stock, valued at approximately $8,512,000. Renaissance Group LLC owned 0.23% of Atour Lifestyle as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Atour Lifestyle in the 3rd quarter valued at approximately $143,000. Pictet Asset Management Holding SA acquired a new position in Atour Lifestyle during the fourth quarter valued at approximately $155,000. Cornerstone Investment Partners LLC acquired a new position in Atour Lifestyle during the fourth quarter valued at approximately $213,000. O Shaughnessy Asset Management LLC bought a new stake in Atour Lifestyle during the fourth quarter worth $394,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Atour Lifestyle in the 3rd quarter valued at $430,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Trading Down 1.8 %

Shares of ATAT opened at $25.68 on Tuesday. The company has a market capitalization of $3.53 billion, a PE ratio of 22.14, a PEG ratio of 0.59 and a beta of 0.51. The stock’s 50-day moving average price is $29.33 and its two-hundred day moving average price is $27.45. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $33.32.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Tuesday, March 25th. The company reported $0.33 EPS 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 business had revenue of $285.58 million for the quarter, compared to analysts’ expectations of $275.49 million. Equities research analysts predict that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Atour Lifestyle Company 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.