Victory Capital Management Inc. Buys New Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Victory Capital Management Inc. bought a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 27,902 shares of the company's stock, valued at approximately $750,000.

Several other large investors have also recently modified their holdings of the business. Loomis Sayles & Co. L P bought a new position in Atour Lifestyle in the 3rd quarter worth about $34,000. Public Employees Retirement System of Ohio bought a new stake in Atour Lifestyle during the 3rd quarter worth approximately $143,000. Cornerstone Investment Partners LLC purchased a new stake in Atour Lifestyle in the 4th quarter worth approximately $213,000. Y Intercept Hong Kong Ltd bought a new position in Atour Lifestyle in the 3rd quarter valued at $430,000. Finally, Nkcfo LLC purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at $538,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ATAT shares. The Goldman Sachs Group started coverage on Atour Lifestyle in a research note on Monday, December 9th. They set a "buy" rating and a $34.40 price objective for the company. 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. Finally, Bank of America upped their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th.

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Atour Lifestyle Stock Performance

ATAT traded down $1.28 during trading on Tuesday, reaching $28.96. The stock had a trading volume of 1,998,751 shares, compared to its average volume of 1,067,490. The business has a 50-day moving average of $28.91 and a 200-day moving average of $26.88. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $33.32. The stock has a market cap of $3.98 billion, a PE ratio of 24.97, a PEG ratio of 0.59 and a beta of 0.37.

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.