Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Acquired by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich lifted its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,297 shares of the company’s stock after purchasing an additional 2,469 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in Atour Lifestyle were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATAT. JPMorgan Chase & Co. boosted its stake in Atour Lifestyle by 24.6% during the third quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock worth $26,215,000 after buying an additional 199,330 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Atour Lifestyle by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock worth $1,794,000 after acquiring an additional 863 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Atour Lifestyle during the 3rd quarter worth approximately $143,000. Y Intercept Hong Kong Ltd acquired a new stake in Atour Lifestyle in the 3rd quarter valued at approximately $430,000. Finally, XTX Topco Ltd raised its position in Atour Lifestyle by 119.5% in the third quarter. XTX Topco Ltd now owns 46,638 shares of the company’s stock valued at $1,210,000 after purchasing an additional 25,390 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on Atour Lifestyle in a research report on Monday, December 9th. They set a “buy” rating and a $34.40 price target for the company.

Atour Lifestyle Stock Up 3.9 %

Shares of ATAT stock opened at $29.00 on Wednesday. The firm has a 50 day moving average of $26.97 and a two-hundred day moving average of $24.20. The stock has a market capitalization of $3.99 billion, a PE ratio of 25.00, a P/E/G ratio of 0.51 and a beta of 0.45. Atour Lifestyle Holdings Limited has a 52 week low of $15.22 and a 52 week high of $29.90.

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.