386,903 Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Bought by Triata Capital Ltd

Triata Capital Ltd bought a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 386,903 shares of the company’s stock, valued at approximately $10,404,000. Atour Lifestyle comprises approximately 4.3% of Triata Capital Ltd’s holdings, making the stock its 7th largest position. Triata Capital Ltd owned 0.28% of Atour Lifestyle as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in Atour Lifestyle during the fourth quarter worth $1,344,000. JPMorgan Chase & Co. boosted its position in Atour Lifestyle by 39.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company’s stock worth $38,012,000 after purchasing an additional 402,974 shares during the period. Prudential Financial Inc. bought a new position in Atour Lifestyle during the fourth quarter worth $1,718,000. Arrowstreet Capital Limited Partnership boosted its position in Atour Lifestyle by 1,250.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company’s stock worth $11,962,000 after purchasing an additional 411,893 shares during the period. Finally, Norges Bank bought a new position in Atour Lifestyle during the fourth quarter worth $36,489,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Stock Performance

Shares of Atour Lifestyle stock opened at $29.63 on Friday. The firm has a 50-day moving average of $26.76 and a 200-day moving average of $27.21. The stock has a market cap of $4.08 billion, a PE ratio of 25.54, a PEG ratio of 0.59 and a beta of 0.59. 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 announced its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The company had revenue of $285.58 million during the quarter, compared to analysts’ expectations of $275.49 million. Equities research analysts predict 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 equities analysts have commented on the stock. 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 lifted their price objective 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.

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.