AI Squared Management Ltd bought a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 171,658 shares of the company’s stock, valued at approximately $2,980,000. Atour Lifestyle comprises approximately 3.8% of AI Squared Management Ltd’s investment portfolio, making the stock its 8th biggest position.
A number of other hedge funds have also added to or reduced their stakes in ATAT. National Bank of Canada FI bought a new stake in Atour Lifestyle during the fourth quarter worth $25,000. New York State Common Retirement Fund acquired a new stake in Atour Lifestyle during the 4th quarter valued at $42,000. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Atour Lifestyle during the fourth quarter worth approximately $13,685,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Atour Lifestyle during the fourth quarter worth approximately $8,045,000. Finally, Advisors Preferred LLC bought a new position in shares of Atour Lifestyle in the fourth quarter worth $66,000. Institutional investors own 17.79% of the company’s stock.
Atour Lifestyle Stock Up 0.7 %
Atour Lifestyle stock traded up $0.12 during trading hours on Thursday, hitting $18.42. The stock had a trading volume of 436,376 shares, compared to its average volume of 631,330. The business’s 50 day simple moving average is $18.56 and its 200-day simple moving average is $18.20. Atour Lifestyle Holdings Limited has a one year low of $14.80 and a one year high of $23.00. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 0.51 and a beta of 0.59.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ATAT. Macquarie started coverage on shares of Atour Lifestyle in a report on Monday, April 22nd. They set an “outperform” rating and a $26.00 price target for the company. Bank of America dropped their price objective on Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating for the company in a research report on Monday, April 1st.
Check Out Our Latest Analysis on Atour Lifestyle
Atour Lifestyle Company Profile
Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.
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