Citigroup Inc. Acquires 38,524 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Citigroup Inc. grew its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 28.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,908 shares of the company’s stock after buying an additional 38,524 shares during the quarter. Citigroup Inc. owned 0.12% of Atour Lifestyle worth $4,459,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ATAT. First Beijing Investment Ltd grew its holdings in Atour Lifestyle by 175.0% during the 3rd quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company’s stock valued at $146,290,000 after purchasing an additional 3,588,469 shares during the last quarter. M&G PLC grew its stake in shares of Atour Lifestyle by 173.2% during the third quarter. M&G PLC now owns 3,518,106 shares of the company’s stock valued at $91,471,000 after buying an additional 2,230,247 shares during the last quarter. Vanguard Group Inc. purchased a new stake in shares of Atour Lifestyle in the first quarter worth approximately $35,534,000. M&G Plc bought a new stake in shares of Atour Lifestyle during the 2nd quarter worth approximately $23,181,000. Finally, Prudential PLC bought a new stake in shares of Atour Lifestyle during the 2nd quarter worth approximately $13,161,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Atour Lifestyle stock opened at $25.21 on Tuesday. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.06 and a fifty-two week high of $29.15. The company has a market capitalization of $3.47 billion, a PE ratio of 21.72, a P/E/G ratio of 0.59 and a beta of 0.64. The company has a 50 day moving average price of $26.26 and a 200-day moving average price of $20.92.

Atour Lifestyle 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.