Norges Bank Acquires Shares of 1,356,968 Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Norges Bank bought a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,356,968 shares of the company’s stock, valued at approximately $36,489,000. Norges Bank owned about 0.99% of Atour Lifestyle as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ATAT. Public Employees Retirement System of Ohio acquired a new position in shares of Atour Lifestyle in the 3rd quarter worth approximately $143,000. Cornerstone Investment Partners LLC bought a new stake in Atour Lifestyle during the fourth quarter valued at $213,000. Y Intercept Hong Kong Ltd bought a new stake in Atour Lifestyle during the third quarter valued at $430,000. Trivest Advisors Ltd acquired a new stake in shares of Atour Lifestyle during the fourth quarter worth $457,000. Finally, HighTower Advisors LLC bought a new position in shares of Atour Lifestyle in the 4th quarter worth about $512,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Down 8.4 %

Shares of ATAT stock opened at $26.15 on Friday. The stock has a 50-day simple moving average of $29.36 and a 200 day simple moving average of $27.37. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $33.32. The stock has a market capitalization of $3.60 billion, a P/E ratio of 22.54, a P/E/G ratio of 0.59 and a beta of 0.51.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 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 company had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. On average, sell-side analysts anticipate that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.

Analyst Ratings Changes

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

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.