Monolith Management Ltd Buys New Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Monolith Management Ltd purchased a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 107,304 shares of the company’s stock, valued at approximately $2,885,000. Atour Lifestyle accounts for about 1.5% of Monolith Management Ltd’s investment portfolio, making the stock its 18th largest position. Monolith Management Ltd owned approximately 0.08% of Atour Lifestyle at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ATAT. Pictet Asset Management Holding SA acquired a new position in shares of Atour Lifestyle during the fourth quarter worth about $155,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Atour Lifestyle during the 4th quarter valued at about $213,000. O Shaughnessy Asset Management LLC acquired a new position in Atour Lifestyle during the 4th quarter worth approximately $394,000. Trivest Advisors Ltd purchased a new position in Atour Lifestyle in the 4th quarter worth approximately $457,000. Finally, HighTower Advisors LLC purchased a new position in Atour Lifestyle in the 4th quarter worth approximately $512,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Analysts Set New Price Targets

ATAT has been the subject of a number of recent analyst reports. Bank of America raised their price target on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a report on Friday, March 14th. 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 Stock Performance

Shares of ATAT stock opened at $23.77 on Friday. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 0.59 and a beta of 0.51. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $33.32. The company’s 50-day simple moving average is $27.95 and its 200-day simple moving average is $27.24.

Atour Lifestyle (NASDAQ:ATAT) last released 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. The firm had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. As a group, research analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

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.