Triata Capital Ltd Takes Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Triata Capital Ltd acquired a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the 4th quarter, Holdings Channel.com reports. The fund acquired 386,903 shares of the company’s stock, valued at approximately $10,404,000. Atour Lifestyle makes up 4.3% of Triata Capital Ltd’s portfolio, making the stock its 7th biggest position.

Several other institutional investors and 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 in the fourth quarter valued at approximately $155,000. AdvisorShares Investments LLC acquired a new stake in Atour Lifestyle during the 4th quarter valued at approximately $188,000. Cornerstone Investment Partners LLC acquired a new stake in Atour Lifestyle during the 4th quarter valued at approximately $213,000. Deutsche Bank AG acquired a new stake in Atour Lifestyle during the 4th quarter valued at approximately $235,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in Atour Lifestyle during the 4th quarter valued at approximately $296,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on ATAT shares. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the company a “buy” rating in a research report on Thursday, March 6th. Bank of America increased their target price on shares of 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

Atour Lifestyle stock opened at $29.63 on Friday. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32. The stock’s 50 day moving average price is $26.76 and its two-hundred day moving average price is $27.21.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $285.58 million for the quarter, compared to analysts’ expectations of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. On average, equities research analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

Atour Lifestyle Company 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.