UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 105,667 shares of the company's stock, valued at approximately $2,741,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of Atour Lifestyle at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new position in shares of Atour Lifestyle during the third quarter valued at $34,000. XTX Topco Ltd bought a new stake in Atour Lifestyle in the 2nd quarter valued at $390,000. Los Angeles Capital Management LLC acquired a new position in shares of Atour Lifestyle during the 3rd quarter worth $666,000. Van Berkom & Associates Inc. acquired a new stake in shares of Atour Lifestyle in the second quarter valued at about $492,000. Finally, The Manufacturers Life Insurance Company grew its stake in Atour Lifestyle by 49.9% during the third quarter. The Manufacturers Life Insurance Company now owns 62,702 shares of the company's stock worth $1,626,000 after purchasing an additional 20,869 shares during the period. 17.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group started coverage on Atour Lifestyle in a report on Monday, December 9th. They set a "buy" rating and a $34.40 price target on the stock.
Check Out Our Latest Research Report on Atour Lifestyle
Atour Lifestyle Trading Down 3.5 %
ATAT stock traded down $0.97 during midday trading on Friday, hitting $27.01. The company's stock had a trading volume of 1,743,203 shares, compared to its average volume of 989,943. The firm's 50-day moving average is $26.63 and its 200-day moving average is $21.54. The company has a market cap of $3.72 billion, a PE ratio of 23.28, a P/E/G ratio of 0.65 and a beta of 0.52. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $29.90.
Atour Lifestyle Company Profile
(
Free Report)
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.
Further Reading
Before you consider Atour Lifestyle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atour Lifestyle wasn't on the list.
While Atour Lifestyle currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
