Schroder Investment Management Group Buys 203,037 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Schroder Investment Management Group raised its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,203,723 shares of the company’s stock after acquiring an additional 203,037 shares during the period. Schroder Investment Management Group owned approximately 0.87% of Atour Lifestyle worth $31,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Citigroup Inc. grew its position in Atour Lifestyle by 28.9% during the 3rd quarter. Citigroup Inc. now owns 171,908 shares of the company’s stock valued at $4,459,000 after purchasing an additional 38,524 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Atour Lifestyle by 49.9% in the third quarter. The Manufacturers Life Insurance Company now owns 62,702 shares of the company’s stock worth $1,626,000 after buying an additional 20,869 shares in the last quarter. FMR LLC grew its holdings in shares of Atour Lifestyle by 352.7% during the third quarter. FMR LLC now owns 889,942 shares of the company’s stock valued at $23,085,000 after buying an additional 693,342 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Atour Lifestyle during the third quarter valued at approximately $2,741,000. Finally, Walleye Capital LLC purchased a new position in Atour Lifestyle in the 3rd quarter worth approximately $649,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Price Performance

Shares of ATAT opened at $28.61 on Wednesday. The firm has a market capitalization of $3.94 billion, a P/E ratio of 24.66, a PEG ratio of 0.59 and a beta of 0.37. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $33.32. The business has a fifty day moving average of $29.27 and a 200 day moving average of $27.26.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly 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 return on equity of 48.26% and a net margin of 17.43%. The business had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. Analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.