Mitsubishi UFJ Trust & Banking Corp Has $17.61 Million Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 47.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 654,896 shares of the company’s stock after selling 593,633 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Atour Lifestyle were worth $17,610,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Atour Lifestyle by 174.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company’s stock valued at $28,965,000 after purchasing an additional 709,700 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Atour Lifestyle by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock valued at $26,215,000 after buying an additional 199,330 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Atour Lifestyle in the 4th quarter valued at approximately $24,433,000. FMR LLC grew its holdings in 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 purchasing an additional 693,342 shares during the period. Finally, Jupiter Asset Management Ltd. raised its stake in Atour Lifestyle by 135.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 581,300 shares of the company’s stock worth $15,631,000 after buying an additional 334,200 shares during the period. 17.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Atour Lifestyle Trading Up 1.9 %

Shares of NASDAQ ATAT opened at $29.11 on Friday. Atour Lifestyle Holdings Limited has a 1-year low of $15.22 and a 1-year high of $33.32. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 0.59 and a beta of 0.37. The stock has a fifty day simple moving average of $29.13 and a two-hundred day simple moving average of $26.97.

Atour Lifestyle (NASDAQ:ATAT) last announced 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. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The firm had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. Analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current 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.