Rhumbline Advisers Sells 1,190 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Rhumbline Advisers lessened its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,948 shares of the company’s stock after selling 1,190 shares during the quarter. Rhumbline Advisers’ holdings in Atour Lifestyle were worth $187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Loomis Sayles & Co. L P bought a new stake in Atour Lifestyle during the 3rd quarter valued at $34,000. Public Employees Retirement System of Ohio bought a new stake in Atour Lifestyle during the 3rd quarter valued at $143,000. Y Intercept Hong Kong Ltd bought a new stake in Atour Lifestyle during the 3rd quarter valued at $430,000. Lester Murray Antman dba SimplyRich increased its stake in Atour Lifestyle by 11.9% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company’s stock valued at $626,000 after purchasing an additional 2,469 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in Atour Lifestyle during the 3rd quarter valued at $649,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Price Performance

NASDAQ ATAT opened at $28.79 on Tuesday. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.32. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 0.59 and a beta of 0.37. The company has a fifty day moving average price of $28.01 and a 200-day moving average price of $26.01.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group assumed coverage on shares of Atour Lifestyle in a research note on Monday, December 9th. They issued a “buy” rating and a $34.40 target price for the company.

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.