Fmr LLC Acquires 693,342 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Fmr LLC boosted its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 352.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 889,942 shares of the company’s stock after buying an additional 693,342 shares during the period. Fmr LLC owned approximately 0.65% of Atour Lifestyle worth $23,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATAT. SG Americas Securities LLC raised its holdings in shares of Atour Lifestyle by 1,423.5% in the second quarter. SG Americas Securities LLC now owns 233,801 shares of the company’s stock worth $4,290,000 after buying an additional 218,455 shares during the period. M&G Plc bought a new stake in Atour Lifestyle during the 2nd quarter valued at $23,181,000. Serenity Capital Management PTE. LTD. acquired a new stake in shares of Atour Lifestyle in the 2nd quarter worth $5,046,000. Acadian Asset Management LLC acquired a new stake in shares of Atour Lifestyle in the 2nd quarter worth $7,940,000. Finally, Prudential PLC acquired a new stake in shares of Atour Lifestyle in the 2nd quarter worth $13,161,000. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Stock Up 11.2 %

Shares of Atour Lifestyle stock opened at $29.45 on Tuesday. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $29.90. The business has a 50-day moving average price of $26.60 and a 200 day moving average price of $21.29. The firm has a market cap of $4.05 billion, a PE ratio of 25.39, a P/E/G ratio of 0.62 and a beta of 0.52.

Wall Street Analyst Weigh In

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

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.