AdvisorShares Investments LLC Purchases Shares of 7,000 Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

AdvisorShares Investments LLC bought a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,000 shares of the company’s stock, valued at approximately $188,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp purchased a new position in Atour Lifestyle in the third quarter valued at $2,776,000. Geode Capital Management LLC boosted its position in Atour Lifestyle by 1.3% during the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock worth $1,794,000 after purchasing an additional 863 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Atour Lifestyle by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock valued at $26,215,000 after buying an additional 199,330 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its stake in shares of Atour Lifestyle by 11.9% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company’s stock worth $626,000 after buying an additional 2,469 shares during the period. Finally, Nkcfo LLC purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at approximately $538,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

Atour Lifestyle Stock Up 2.3 %

Shares of NASDAQ ATAT opened at $24.18 on Wednesday. The firm has a 50-day simple moving average of $27.46 and a 200-day simple moving average of $27.16. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 20.85, 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.

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 business had revenue of $285.58 million for the quarter, compared to analysts’ expectations of $275.49 million. As a group, equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

Wall Street Analyst Weigh In

ATAT has been the subject of a number of research analyst reports. 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. Bank of America upped their price target on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a “buy” rating in a research 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.