New York State Common Retirement Fund bought a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 41,600 shares of the company's stock, valued at approximately $1,119,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. First Beijing Investment Ltd grew its stake in Atour Lifestyle by 175.0% during the 3rd quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company's stock worth $146,290,000 after buying an additional 3,588,469 shares during the last quarter. M&G PLC grew its stake in shares of Atour Lifestyle by 173.2% during the third quarter. M&G PLC now owns 3,518,106 shares of the company's stock worth $91,471,000 after acquiring an additional 2,230,247 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Atour Lifestyle by 174.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company's stock valued at $28,965,000 after acquiring an additional 709,700 shares in the last quarter. FMR LLC raised its position in shares of Atour Lifestyle by 352.7% in the 3rd quarter. FMR LLC now owns 889,942 shares of the company's stock valued at $23,085,000 after purchasing an additional 693,342 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Atour Lifestyle by 24.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company's stock valued at $26,215,000 after purchasing an additional 199,330 shares during the last quarter. 17.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group initiated coverage on shares of Atour Lifestyle in a research note on Monday, December 9th. They set a "buy" rating and a $34.40 price target on the stock.
Get Our Latest Stock Report on ATAT
Atour Lifestyle Stock Down 1.3 %
Shares of NASDAQ:ATAT traded down $0.39 during trading on Friday, hitting $30.20. The stock had a trading volume of 422,131 shares, compared to its average volume of 1,052,610. The stock has a 50-day simple moving average of $27.90 and a two-hundred day simple moving average of $25.73. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 0.59 and a beta of 0.45. Atour Lifestyle Holdings Limited has a 12-month low of $15.22 and a 12-month high of $33.32.
Atour Lifestyle Profile
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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.
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