Jump Financial LLC Grows Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Jump Financial LLC lifted its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 1.5% during the 4th quarter, HoldingsChannel reports. The fund owned 180,409 shares of the company’s stock after purchasing an additional 2,620 shares during the period. Jump Financial LLC’s holdings in Atour Lifestyle were worth $4,851,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ATAT. Public Employees Retirement System of Ohio purchased a new position in Atour Lifestyle during the third quarter worth approximately $143,000. Pictet Asset Management Holding SA acquired a new position in shares of Atour Lifestyle during the 4th quarter worth approximately $155,000. Cornerstone Investment Partners LLC purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at approximately $213,000. O Shaughnessy Asset Management LLC acquired a new stake in Atour Lifestyle in the 4th quarter valued at $394,000. Finally, Trivest Advisors Ltd purchased a new stake in Atour Lifestyle in the 4th quarter worth $457,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ATAT. Bank of America lifted 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. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock a “buy” rating in a report on Thursday, March 6th.

Atour Lifestyle Stock Up 2.3 %

Shares of ATAT opened at $23.93 on Thursday. The firm’s fifty day moving average is $28.63 and its two-hundred day moving average is $27.38. The stock has a market cap of $3.29 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 0.59 and a beta of 0.51. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The company had revenue of $285.58 million during the quarter, compared to analysts’ expectations of $275.49 million. As a group, research analysts anticipate that Atour Lifestyle Holdings Limited will post 1.24 earnings per share 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.