Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Sold by Barclays PLC

Barclays PLC cut its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 51.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,587 shares of the company’s stock after selling 70,061 shares during the quarter. Barclays PLC’s holdings in Atour Lifestyle were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in Atour Lifestyle during the 3rd quarter worth approximately $143,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Atour Lifestyle during the 3rd quarter valued at about $430,000. XTX Topco Ltd lifted its position in Atour Lifestyle by 119.5% during the 3rd quarter. XTX Topco Ltd now owns 46,638 shares of the company’s stock worth $1,210,000 after acquiring an additional 25,390 shares in the last quarter. Wellington Management Group LLP purchased a new position in Atour Lifestyle in the 3rd quarter worth approximately $1,251,000. Finally, State Street Corp acquired a new stake in Atour Lifestyle in the third quarter valued at approximately $2,776,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Atour Lifestyle Price Performance

NASDAQ ATAT opened at $27.00 on Friday. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $29.90. The company’s fifty day moving average price is $26.73 and its two-hundred day moving average price is $22.22. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 0.65 and a beta of 0.52.

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.