Leading Securities Co Ltd Purchases Shares of 52,089 Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Leading Securities Co Ltd acquired a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 52,089 shares of the company’s stock, valued at approximately $1,401,000. Atour Lifestyle comprises about 4.6% of Leading Securities Co Ltd’s investment portfolio, making the stock its 3rd largest position.

A number of other institutional investors have also recently made changes to their positions in ATAT. Loomis Sayles & Co. L P bought a new position in Atour Lifestyle during the third quarter valued at approximately $34,000. Public Employees Retirement System of Ohio purchased a new position in shares of Atour Lifestyle in the third quarter valued at $143,000. Cornerstone Investment Partners LLC purchased a new position in shares of Atour Lifestyle in the fourth quarter valued at $213,000. Y Intercept Hong Kong Ltd bought a new stake in Atour Lifestyle in the third quarter worth $430,000. Finally, Trivest Advisors Ltd purchased a new stake in Atour Lifestyle during the fourth quarter valued at $457,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Analysts Set New Price Targets

ATAT has been the subject of a number of recent research reports. 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 objective for the company. UBS Group set a $37.30 price target on Atour Lifestyle and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, Bank of America upped their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research report on Friday, March 14th.

Atour Lifestyle Trading Down 1.3 %

Shares of ATAT opened at $28.57 on Thursday. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $33.32. The company’s fifty day simple moving average is $29.05 and its 200-day simple moving average is $26.96. The company has a market cap of $3.93 billion, a P/E ratio of 24.63, a P/E/G ratio of 0.59 and a beta of 0.37.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $285.58 million for the quarter, compared to analyst estimates of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. Analysts predict 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.