Los Angeles Capital Management LLC reduced its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 55.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,480 shares of the company's stock after selling 14,194 shares during the quarter. Los Angeles Capital Management LLC's holdings in Atour Lifestyle were worth $309,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Atour Lifestyle by 1.3% in the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company's stock worth $1,794,000 after purchasing an additional 863 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Atour Lifestyle in the third quarter worth about $34,000. Lester Murray Antman dba SimplyRich grew its stake in shares of Atour Lifestyle by 11.9% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock worth $626,000 after purchasing an additional 2,469 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Atour Lifestyle in the third quarter worth about $143,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Atour Lifestyle in the third quarter worth about $430,000. 17.79% of the stock is owned by institutional investors.
Atour Lifestyle Price Performance
ATAT traded down $0.48 on Friday, hitting $30.11. The company had a trading volume of 753,807 shares, compared to its average volume of 1,056,589. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32. The stock has a fifty day simple moving average of $27.90 and a 200-day simple moving average of $25.73. The firm has a market capitalization of $4.14 billion, a P/E ratio of 25.96, a P/E/G ratio of 0.59 and a beta of 0.37.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group started coverage on Atour Lifestyle in a research note on Monday, December 9th. They issued a "buy" rating and a $34.40 target price on the stock.
Read Our Latest Report on Atour Lifestyle
Atour Lifestyle 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.
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