Sylebra Capital LLC lessened its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 26.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,111,724 shares of the company's stock after selling 399,337 shares during the quarter. Atour Lifestyle accounts for about 1.0% of Sylebra Capital LLC's holdings, making the stock its 20th biggest holding. Sylebra Capital LLC owned approximately 0.81% of Atour Lifestyle worth $28,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Jupiter Asset Management Ltd. purchased a new position in shares of Atour Lifestyle in the second quarter valued at approximately $4,406,000. M&G Plc acquired a new stake in Atour Lifestyle during the second quarter worth approximately $23,181,000. FMR LLC raised its holdings in Atour Lifestyle by 352.7% during the third quarter. FMR LLC now owns 889,942 shares of the company's stock worth $23,085,000 after purchasing an additional 693,342 shares in the last quarter. SG Americas Securities LLC raised its holdings in Atour Lifestyle by 1,423.5% during the second quarter. SG Americas Securities LLC now owns 233,801 shares of the company's stock worth $4,290,000 after purchasing an additional 218,455 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Atour Lifestyle during the third quarter worth approximately $856,000. Hedge funds and other institutional investors own 17.79% of the company's stock.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group assumed coverage on shares of Atour Lifestyle in a report on Monday. They set a "buy" rating and a $34.40 price objective on the stock.
Check Out Our Latest Stock Report on ATAT
Atour Lifestyle Trading Down 7.2 %
Shares of Atour Lifestyle stock traded down $2.13 during trading on Tuesday, reaching $27.32. The company's stock had a trading volume of 2,239,842 shares, compared to its average volume of 980,820. The company has a 50-day moving average price of $26.63 and a two-hundred day moving average price of $21.36. The firm has a market cap of $3.76 billion, a PE ratio of 23.55, a P/E/G 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.
About Atour Lifestyle
(
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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