Causeway Capital Management LLC Acquires New Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Causeway Capital Management LLC bought a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 193,682 shares of the company’s stock, valued at approximately $5,208,000. Causeway Capital Management LLC owned about 0.14% of Atour Lifestyle as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in shares of Atour Lifestyle in the third quarter worth about $143,000. Pictet Asset Management Holding SA purchased a new position in Atour Lifestyle in the 4th quarter worth approximately $155,000. Cornerstone Investment Partners LLC acquired a new position in shares of Atour Lifestyle during the 4th quarter worth approximately $213,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Atour Lifestyle in the fourth quarter valued at approximately $394,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Atour Lifestyle in the third quarter valued at approximately $430,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ATAT. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the company a “buy” rating in a research report on Thursday, March 6th. Bank of America increased 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.

Atour Lifestyle Price Performance

Shares of ATAT opened at $22.21 on Monday. The firm has a 50-day simple moving average of $28.82 and a two-hundred day simple moving average of $27.45. The stock has a market cap of $3.06 billion, a PE ratio of 19.15, a P/E/G ratio of 0.59 and a beta of 0.51. Atour Lifestyle Holdings Limited has a 1-year low of $15.22 and a 1-year high of $33.32.

Atour Lifestyle (NASDAQ:ATAT) last posted its earnings results 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 net margin of 17.43% and a return on equity of 48.26%. The firm had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. As a group, sell-side analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

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.