Barclays PLC decreased its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 51.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,587 shares of the company's stock after selling 70,061 shares during the period. Barclays PLC's holdings in Atour Lifestyle were worth $1,701,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of ATAT. Loomis Sayles & Co. L P bought a new position in Atour Lifestyle in the third quarter worth $34,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Atour Lifestyle in the 3rd quarter worth about $143,000. Y Intercept Hong Kong Ltd bought a new position in shares of Atour Lifestyle in the 3rd quarter worth about $430,000. XTX Topco Ltd purchased a new position in Atour Lifestyle during the 2nd quarter valued at about $390,000. Finally, Walleye Capital LLC bought a new stake in Atour Lifestyle during the third quarter worth about $649,000. Hedge funds and other institutional investors own 17.79% of the company's stock.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group started coverage on shares of Atour Lifestyle in a research note on Monday, December 9th. They set a "buy" rating and a $34.40 target price for the company.
Check Out Our Latest Report on ATAT
Atour Lifestyle Stock Down 6.2 %
Shares of NASDAQ:ATAT traded down $1.77 on Friday, hitting $27.00. 1,208,027 shares of the company traded hands, compared to its average volume of 992,160. The stock has a 50 day simple moving average of $26.73 and a 200-day simple moving average of $22.25. The company has a market cap of $3.72 billion, a PE ratio of 23.28, a PEG ratio of 0.65 and a beta of 0.52. Atour Lifestyle Holdings Limited has a 52 week low of $15.22 and a 52 week high of $29.90.
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.
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
