Quantbot Technologies LP Buys New Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Quantbot Technologies LP bought a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the 4th quarter, HoldingsChannel reports. The firm bought 34,712 shares of the company’s stock, valued at approximately $933,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATAT. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Atour Lifestyle by 174.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company’s stock worth $28,965,000 after acquiring an additional 709,700 shares during the last quarter. JPMorgan Chase & Co. raised its position in Atour Lifestyle by 24.6% during the third quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock valued at $26,215,000 after purchasing an additional 199,330 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Atour Lifestyle during the fourth quarter worth about $24,433,000. FMR LLC boosted its holdings in shares of Atour Lifestyle by 352.7% in the 3rd quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after purchasing an additional 693,342 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of Atour Lifestyle by 135.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 581,300 shares of the company’s stock valued at $15,631,000 after purchasing an additional 334,200 shares during the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ATAT shares. UBS Group set a $37.30 target price on Atour Lifestyle and gave the stock a “buy” rating in a research report on Thursday, March 6th. Bank of America upped their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group assumed coverage on shares of 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 Stock Performance

Shares of Atour Lifestyle stock opened at $28.96 on Wednesday. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32. The company’s 50 day moving average price is $28.99 and its 200-day moving average price is $26.94. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 0.59 and a beta of 0.37.

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.