Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Position Increased by Bank of America Corp DE

Bank of America Corp DE increased its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,534,543 shares of the company’s stock after purchasing an additional 269,656 shares during the period. Bank of America Corp DE owned 2.57% of Atour Lifestyle worth $95,044,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ATAT. JPMorgan Chase & Co. increased its position in Atour Lifestyle by 39.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company’s stock valued at $38,012,000 after acquiring an additional 402,974 shares during the period. Norges Bank acquired a new stake in Atour Lifestyle in the 4th quarter valued at approximately $36,489,000. Renaissance Technologies LLC increased its position in Atour Lifestyle by 56.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,218,468 shares of the company’s stock valued at $32,765,000 after acquiring an additional 441,200 shares during the period. Schroder Investment Management Group increased its position in Atour Lifestyle by 20.3% in the 4th quarter. Schroder Investment Management Group now owns 1,203,723 shares of the company’s stock valued at $31,971,000 after acquiring an additional 203,037 shares during the period. Finally, 3G Capital Partners LP increased its position in Atour Lifestyle by 263.6% in the 4th quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company’s stock valued at $26,890,000 after acquiring an additional 725,000 shares during the period. Institutional investors own 17.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ATAT. UBS Group set a $37.30 target price on Atour Lifestyle and gave the company a “buy” rating in a research report on Thursday, March 6th. Bank of America raised their target price 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 Stock Performance

ATAT opened at $28.52 on Monday. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $33.32. The stock’s fifty day moving average is $26.82 and its 200-day moving average is $27.11. The company has a market capitalization of $3.92 billion, a PE ratio of 24.59, a P/E/G ratio of 0.59 and a beta of 0.59.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping 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 company had revenue of $285.58 million for the quarter, compared to the consensus estimate of $275.49 million. On average, equities research analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS 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.