Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Bought by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich boosted its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,297 shares of the company’s stock after buying an additional 2,469 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Atour Lifestyle were worth $626,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ATAT. Loomis Sayles & Co. L P purchased a new stake in shares of Atour Lifestyle during the third quarter worth approximately $34,000. Public Employees Retirement System of Ohio acquired a new stake in Atour Lifestyle during the 3rd quarter worth $143,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Atour Lifestyle during the third quarter worth $430,000. Walleye Capital LLC acquired a new stake in shares of Atour Lifestyle in the third quarter valued at about $649,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Atour Lifestyle in the third quarter worth about $666,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Trading Up 3.9 %

Shares of ATAT stock opened at $29.00 on Wednesday. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $29.90. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 0.51 and a beta of 0.45. The company’s 50-day moving average price is $26.97 and its 200-day moving average price is $24.20.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began 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 on the stock.

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.