OVERSEA CHINESE BANKING Corp Ltd lessened its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 45.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 418,796 shares of the company's stock after selling 342,849 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned 0.30% of Atour Lifestyle worth $11,261,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. William Blair Investment Management LLC purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at $24,433,000. Fore Capital LLC purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at $538,000. Jupiter Asset Management Ltd. lifted its position in shares of Atour Lifestyle by 135.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 581,300 shares of the company's stock valued at $15,631,000 after buying an additional 334,200 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at $512,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at $750,000. Hedge funds and other institutional investors own 17.79% of the company's stock.
Wall Street Analysts Forecast Growth
ATAT has been the topic of a number of recent research reports. Bank of America upped their price target on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research report on Friday, March 14th. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group started coverage on Atour Lifestyle in a research note on Monday, December 9th. They set a "buy" rating and a $34.40 price objective on the stock.
Read Our Latest Research Report on ATAT
Atour Lifestyle Stock Up 0.2 %
Shares of NASDAQ:ATAT traded up $0.06 during midday trading on Friday, reaching $30.27. 845,153 shares of the company traded hands, compared to its average volume of 1,067,359. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 0.59 and a beta of 0.37. The firm's fifty day moving average price is $28.81 and its two-hundred day moving average price is $26.75. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $33.32.
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.
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