FMR LLC boosted its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 352.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 889,942 shares of the company's stock after buying an additional 693,342 shares during the quarter. FMR LLC owned approximately 0.65% of Atour Lifestyle worth $23,085,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATAT. Loomis Sayles & Co. L P acquired a new stake in Atour Lifestyle during the third quarter valued at $34,000. XTX Topco Ltd acquired a new stake in shares of Atour Lifestyle in the second quarter valued at about $390,000. Van Berkom & Associates Inc. acquired a new stake in shares of Atour Lifestyle in the second quarter valued at about $492,000. Los Angeles Capital Management LLC acquired a new stake in shares of Atour Lifestyle in the third quarter valued at about $666,000. Finally, Marshall Wace LLP grew its position in shares of Atour Lifestyle by 19.6% in the second quarter. Marshall Wace LLP now owns 63,289 shares of the company's stock valued at $1,161,000 after purchasing an additional 10,386 shares during the period. Institutional investors and hedge funds own 17.79% of the company's stock.
Atour Lifestyle Stock Down 7.2 %
Shares of NASDAQ ATAT traded down $2.13 during trading on Tuesday, hitting $27.32. The company had a trading volume of 2,239,842 shares, compared to its average volume of 980,820. The stock has a fifty day simple moving average of $26.60 and a two-hundred day simple moving average of $21.29. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 0.62 and a beta of 0.52. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $29.90.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group started coverage on shares of Atour Lifestyle in a research report on Monday. They issued a "buy" rating and a $34.40 target price on the stock.
Read Our Latest Stock Report on ATAT
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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