Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,888 shares of the company’s stock after selling 14,190 shares during the period. Jane Street Group LLC owned about 0.07% of Atour Lifestyle worth $2,384,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Beijing Investment Ltd increased its stake in Atour Lifestyle by 175.0% in the third 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 boosted its holdings in shares of Atour Lifestyle by 173.2% in the 3rd 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Atour Lifestyle by 174.4% in 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 buying an additional 709,700 shares during the last quarter. FMR LLC raised its stake in Atour Lifestyle by 352.7% during the 3rd quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after acquiring an additional 693,342 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Atour Lifestyle by 126.7% during the 2nd quarter. Renaissance Technologies LLC now owns 783,400 shares of the company’s stock worth $14,375,000 after acquiring an additional 437,900 shares in the last quarter. 17.79% of the stock is owned by hedge funds and other institutional investors.

Atour Lifestyle Stock Performance

Shares of NASDAQ:ATAT opened at $27.99 on Monday. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $29.90. The company has a 50-day simple moving average of $26.58 and a 200-day simple moving average of $21.88. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 0.65 and a beta of 0.52.

Wall Street Analyst Weigh In

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

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.