Causeway Capital Management LLC Acquires New Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Causeway Capital Management LLC bought a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 193,682 shares of the company’s stock, valued at approximately $5,208,000.

Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Atour Lifestyle in the third quarter worth $143,000. Pictet Asset Management Holding SA acquired a new position in Atour Lifestyle during the 4th quarter worth $155,000. Cornerstone Investment Partners LLC purchased a new stake in Atour Lifestyle during the 4th quarter worth about $213,000. O Shaughnessy Asset Management LLC acquired a new stake in Atour Lifestyle in the 4th quarter valued at about $394,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Atour Lifestyle during the third quarter worth about $430,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Atour Lifestyle Stock Down 3.7 %

Shares of Atour Lifestyle stock opened at $22.21 on Monday. The firm’s 50 day moving average is $28.82 and its two-hundred day moving average is $27.45. Atour Lifestyle Holdings Limited has a 52 week low of $15.22 and a 52 week high of $33.32. The firm has a market capitalization of $3.06 billion, a P/E ratio of 19.15, a P/E/G ratio of 0.59 and a beta of 0.51.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, beating 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 analysts’ expectations of $275.49 million. As a group, research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal 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.