Y Intercept Hong Kong Ltd Sells 8,337 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Y Intercept Hong Kong Ltd decreased its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 50.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,254 shares of the company’s stock after selling 8,337 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Atour Lifestyle were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ATAT. First Beijing Investment Ltd lifted its stake 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 raised its holdings 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 acquiring an additional 2,230,247 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in 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. JPMorgan Chase & Co. raised its stake 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. Finally, FMR LLC lifted its holdings 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. 17.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Atour Lifestyle Trading Up 0.7 %

NASDAQ:ATAT opened at $29.40 on Wednesday. The company has a market cap of $4.05 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 0.59 and a beta of 0.45. The company has a 50 day simple moving average of $27.82 and a two-hundred day simple moving average of $25.65. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $33.31.

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.