Jupiter Asset Management Ltd. Has $15.63 Million Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Jupiter Asset Management Ltd. lifted its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 135.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 581,300 shares of the company's stock after purchasing an additional 334,200 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.42% of Atour Lifestyle worth $15,631,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new position in Atour Lifestyle during the 3rd quarter worth $666,000. Citigroup Inc. lifted its holdings in Atour Lifestyle by 28.9% during the 3rd quarter. Citigroup Inc. now owns 171,908 shares of the company's stock worth $4,459,000 after buying an additional 38,524 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Atour Lifestyle during the 3rd quarter worth $34,000. The Manufacturers Life Insurance Company lifted its holdings in Atour Lifestyle by 49.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 62,702 shares of the company's stock worth $1,626,000 after buying an additional 20,869 shares in the last quarter. Finally, FMR LLC lifted its holdings in Atour Lifestyle by 352.7% during the 3rd quarter. FMR LLC now owns 889,942 shares of the company's stock worth $23,085,000 after buying an additional 693,342 shares in the last quarter. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Stock Down 0.2 %

ATAT stock opened at $30.30 on Thursday. The business's fifty day moving average is $28.14 and its 200-day moving average is $26.13. The company has a market cap of $4.17 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.36. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $33.32.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ATAT shares. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock a "buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group began coverage on Atour Lifestyle in a report on Monday, December 9th. They set a "buy" rating and a $34.40 price objective on the stock.

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Atour Lifestyle Profile

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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