Barclays PLC Has $1.70 Million Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Barclays PLC reduced its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 51.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its stake in Atour Lifestyle by 352.7% in the third quarter. FMR LLC now owns 889,942 shares of the company’s stock valued at $23,085,000 after acquiring an additional 693,342 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Atour Lifestyle in the 2nd quarter valued at $4,406,000. Wellington Management Group LLP bought a new position in shares of Atour Lifestyle in the 3rd quarter valued at $1,251,000. XTX Topco Ltd raised its holdings in shares of 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 buying an additional 25,390 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Atour Lifestyle during the 3rd quarter worth $2,741,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Atour Lifestyle Price Performance

Shares of NASDAQ:ATAT opened at $25.26 on Friday. The firm has a 50 day simple moving average of $26.64 and a 200 day simple moving average of $22.82. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 0.65 and a beta of 0.45. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $29.90.

Atour Lifestyle Company 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.