3,525,000 Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Acquired by Aspex Management HK Ltd

Aspex Management HK Ltd acquired a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,525,000 shares of the company’s stock, valued at approximately $61,194,000. Atour Lifestyle accounts for about 1.8% of Aspex Management HK Ltd’s holdings, making the stock its 17th biggest position.

Other large investors also recently made changes to their positions in the company. National Bank of Canada FI acquired a new stake in Atour Lifestyle in the fourth quarter valued at approximately $25,000. New York State Common Retirement Fund purchased a new position in shares of Atour Lifestyle in the fourth quarter valued at $42,000. DekaBank Deutsche Girozentrale acquired a new stake in Atour Lifestyle during the 3rd quarter valued at $63,000. Advisors Preferred LLC purchased a new stake in Atour Lifestyle during the 4th quarter worth $66,000. Finally, Capstone Investment Advisors LLC boosted its position in Atour Lifestyle by 33.3% in the 4th quarter. Capstone Investment Advisors LLC now owns 20,000 shares of the company’s stock valued at $347,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Down 1.8 %

NASDAQ:ATAT traded down $0.32 during trading hours on Friday, reaching $17.82. 425,329 shares of the stock were exchanged, compared to its average volume of 729,170. Atour Lifestyle Holdings Limited has a 52 week low of $15.02 and a 52 week high of $23.00. The stock has a market capitalization of $2.45 billion, a P/E ratio of 18.37, a P/E/G ratio of 0.36 and a beta of 0.55. The firm has a 50 day simple moving average of $18.09 and a 200-day simple moving average of $18.07.

Atour Lifestyle (NASDAQ:ATAT) last released its earnings results on Thursday, March 28th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $212.01 million during the quarter, compared to analyst estimates of $177.28 million. Atour Lifestyle had a net margin of 18.19% and a return on equity of 50.00%. As a group, analysts expect that Atour Lifestyle Holdings Limited will post 1.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ATAT shares. Macquarie started coverage on Atour Lifestyle in a research report on Monday, April 22nd. They set an “outperform” rating and a $26.00 target price on the stock. Bank of America reduced their target price on Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating for the company in a research note on Monday, April 1st.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.