SG Americas Securities LLC Sells 11,683 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

SG Americas Securities LLC cut its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 44.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,803 shares of the company’s stock after selling 11,683 shares during the period. SG Americas Securities LLC’s holdings in Atour Lifestyle were worth $398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Beijing Investment Ltd lifted its holdings in shares of Atour Lifestyle by 175.0% in the third quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company’s stock worth $146,290,000 after buying an additional 3,588,469 shares in the last quarter. M&G PLC lifted its stake in Atour Lifestyle by 173.2% in the 3rd quarter. M&G PLC now owns 3,518,106 shares of the company’s stock worth $91,471,000 after purchasing an additional 2,230,247 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Atour Lifestyle by 174.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company’s stock valued at $28,965,000 after purchasing an additional 709,700 shares during the last quarter. FMR LLC grew its position in shares of Atour Lifestyle by 352.7% during the third quarter. FMR LLC now owns 889,942 shares of the company’s stock valued at $23,085,000 after purchasing an additional 693,342 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Atour Lifestyle by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock worth $26,215,000 after purchasing an additional 199,330 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Stock Down 2.8 %

ATAT stock opened at $27.41 on Monday. Atour Lifestyle Holdings Limited has a 52 week low of $15.22 and a 52 week high of $29.90. The firm has a market capitalization of $3.77 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 0.52 and a beta of 0.45. The company has a fifty day simple moving average of $26.67 and a two-hundred day simple moving average of $23.69.

Analysts Set New Price Targets

Separately, 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 target for the company.

About Atour Lifestyle

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.