Trivest Advisors Ltd bought a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,000 shares of the company's stock, valued at approximately $457,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in 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 purchasing an additional 709,700 shares during the period. JPMorgan Chase & Co. raised its position in Atour Lifestyle by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company's stock valued at $26,215,000 after purchasing an additional 199,330 shares during the period. William Blair Investment Management LLC purchased a new stake in Atour Lifestyle in the fourth quarter valued at approximately $24,433,000. FMR LLC raised its position in Atour Lifestyle by 352.7% in the third quarter. FMR LLC now owns 889,942 shares of the company's stock valued at $23,085,000 after purchasing an additional 693,342 shares during the period. Finally, Jupiter Asset Management Ltd. raised its position in Atour Lifestyle by 135.2% in the fourth quarter. Jupiter Asset Management Ltd. now owns 581,300 shares of the company's stock valued at $15,631,000 after purchasing an additional 334,200 shares during the period. Hedge funds and other institutional investors own 17.79% of the company's stock.
Atour Lifestyle Stock Performance
Shares of Atour Lifestyle stock traded up $0.06 during trading hours on Friday, reaching $30.27. 845,153 shares of the company were exchanged, compared to its average volume of 1,067,359. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.32. The stock's fifty day moving average is $28.81 and its 200 day moving average is $26.80. The firm has a market cap of $4.17 billion, a PE ratio of 26.10, a PEG ratio of 0.59 and a beta of 0.37.
Wall Street Analyst Weigh In
ATAT has been the topic of a number of research analyst reports. Bank of America boosted their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research report on Friday, March 14th. The Goldman Sachs Group assumed coverage on Atour Lifestyle in a research report on Monday, December 9th. They set a "buy" rating and a $34.40 price objective on the stock. Finally, UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock a "buy" rating in a research report on Thursday, March 6th.
Read Our Latest Analysis on ATAT
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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