State Street Corp Invests $2.78 Million in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

State Street Corp purchased a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 107,005 shares of the company's stock, valued at approximately $2,776,000. State Street Corp owned 0.08% of Atour Lifestyle as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. First Beijing Investment Ltd increased its holdings in Atour Lifestyle by 175.0% during the 3rd quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company's stock worth $146,290,000 after purchasing an additional 3,588,469 shares during the period. M&G PLC raised its holdings in shares of Atour Lifestyle by 173.2% in the third quarter. M&G PLC now owns 3,518,106 shares of the company's stock valued at $91,471,000 after acquiring an additional 2,230,247 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Atour Lifestyle by 174.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company's stock valued at $28,965,000 after acquiring an additional 709,700 shares in the last quarter. FMR LLC lifted its stake in Atour Lifestyle by 352.7% in the third quarter. FMR LLC now owns 889,942 shares of the company's stock worth $23,085,000 after acquiring an additional 693,342 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Atour Lifestyle by 126.7% during the 2nd quarter. Renaissance Technologies LLC now owns 783,400 shares of the company's stock worth $14,375,000 after acquiring an additional 437,900 shares in the last quarter. Institutional investors own 17.79% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on shares of Atour Lifestyle in a report on Monday, December 9th. They issued a "buy" rating and a $34.40 price target for the company.

Atour Lifestyle Trading Up 1.2 %

Shares of ATAT traded up $0.33 during trading hours on Wednesday, hitting $26.89. The company had a trading volume of 1,085,348 shares, compared to its average volume of 992,067. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $29.90. The company's fifty day moving average price is $26.72 and its two-hundred day moving average price is $22.42. The company has a market capitalization of $3.70 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 0.65 and a beta of 0.52.

Atour Lifestyle Company 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.