William Blair Investment Management LLC purchased a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 908,692 shares of the company's stock, valued at approximately $24,433,000. William Blair Investment Management LLC owned 0.66% of Atour Lifestyle as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ATAT. Citigroup Inc. increased its position in Atour Lifestyle by 28.9% in the 3rd quarter. Citigroup Inc. now owns 171,908 shares of the company's stock valued at $4,459,000 after acquiring an additional 38,524 shares during the period. Loomis Sayles & Co. L P acquired a new position in Atour Lifestyle in the 3rd quarter valued at about $34,000. The Manufacturers Life Insurance Company increased its position in Atour Lifestyle by 49.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 62,702 shares of the company's stock valued at $1,626,000 after acquiring an additional 20,869 shares during the period. FMR LLC increased its position in 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 acquiring an additional 693,342 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Atour Lifestyle by 174.4% in the 3rd 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 purchasing an additional 709,700 shares in the last quarter. Institutional investors and hedge funds own 17.79% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on ATAT shares. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group started coverage on Atour Lifestyle in a report on Monday, December 9th. They issued a "buy" rating and a $34.40 price objective on the stock. Finally, Bank of America lifted their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a report on Friday, March 14th.
View Our Latest Stock Report on ATAT
Atour Lifestyle Trading Up 0.2 %
Shares of NASDAQ:ATAT traded up $0.06 during trading on Friday, hitting $30.27. 845,153 shares of the stock were exchanged, compared to its average volume of 1,065,323. The company has a fifty day moving average price of $28.81 and a two-hundred day moving average price of $26.69. The company has a market cap of $4.17 billion, a PE ratio of 26.10, a P/E/G ratio of 0.59 and a beta of 0.37. Atour Lifestyle Holdings Limited has a 12-month low of $15.22 and a 12-month high of $33.32.
About Atour Lifestyle
(
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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