Newport Asia LLC lessened its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 31.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,956 shares of the company's stock after selling 30,639 shares during the period. Atour Lifestyle comprises 100.0% of Newport Asia LLC's holdings, making the stock its largest holding. Newport Asia LLC's holdings in Atour Lifestyle were worth $1,774,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new stake in shares of Atour Lifestyle during the 3rd quarter worth approximately $34,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Atour Lifestyle during the 3rd quarter worth approximately $143,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $213,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Atour Lifestyle during the 3rd quarter worth approximately $430,000. Finally, HighTower Advisors LLC bought a new position in Atour Lifestyle in the 4th quarter valued at approximately $512,000. Institutional investors and hedge funds own 17.79% of the company's stock.
Atour Lifestyle Price Performance
Shares of ATAT traded up $0.06 during trading hours on Friday, hitting $30.27. 845,153 shares of the stock were exchanged, compared to its average volume of 1,067,359. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $33.32. The business has a 50-day moving average of $28.81 and a 200-day moving average of $26.75. The firm has a market capitalization of $4.17 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 0.59 and a beta of 0.37.
Analyst Ratings Changes
ATAT has been the subject of several research reports. Bank of America increased their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research note on Friday, March 14th. UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group assumed coverage on shares of Atour Lifestyle in a research note on Monday, December 9th. They issued a "buy" rating and a $34.40 price objective for the company.
View Our Latest Analysis on ATAT
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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