Barclays PLC lessened its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 51.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Loomis Sayles & Co. L P acquired a new position in Atour Lifestyle in the third quarter valued at about $34,000. Public Employees Retirement System of Ohio acquired a new position in shares of Atour Lifestyle in the 3rd quarter worth approximately $143,000. XTX Topco Ltd purchased a new position in shares of Atour Lifestyle during the 2nd quarter worth approximately $390,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Atour Lifestyle during the 3rd quarter worth approximately $430,000. Finally, Walleye Capital LLC acquired a new stake in Atour Lifestyle in the 3rd quarter valued at approximately $649,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group assumed coverage on Atour Lifestyle in a research note on Monday, December 9th. They set a "buy" rating and a $34.40 price target on the stock.
Read Our Latest Stock Analysis on ATAT
Atour Lifestyle Stock Performance
Shares of ATAT traded down $0.57 during mid-day trading on Friday, hitting $25.26. 565,067 shares of the company's stock were exchanged, compared to its average volume of 962,643. The stock's 50-day moving average is $26.64 and its 200-day moving average is $22.86. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $29.90. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 0.65 and a beta of 0.45.
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.
See Also
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
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
