Geode Capital Management LLC Acquires 863 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Geode Capital Management LLC raised its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,171 shares of the company’s stock after acquiring an additional 863 shares during the quarter. Geode Capital Management LLC owned approximately 0.05% of Atour Lifestyle worth $1,794,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ATAT. Loomis Sayles & Co. L P bought a new position in Atour Lifestyle in the 3rd quarter valued at approximately $34,000. Public Employees Retirement System of Ohio bought a new position in shares of Atour Lifestyle in the 3rd quarter valued at $143,000. Marshall Wace LLP boosted its holdings in shares of Atour Lifestyle by 19.6% during the 2nd quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock valued at $1,161,000 after acquiring an additional 10,386 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Atour Lifestyle during the 3rd quarter worth $430,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Atour Lifestyle by 49.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 62,702 shares of the company’s stock worth $1,626,000 after purchasing an additional 20,869 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Atour Lifestyle Stock Performance

ATAT stock opened at $25.83 on Thursday. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $29.90. The company has a market capitalization of $3.55 billion, a P/E ratio of 22.27, a PEG ratio of 0.65 and a beta of 0.45. The company has a fifty day moving average price of $26.66 and a 200-day moving average price of $22.72.

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.