Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Acquired by AI Squared Management Ltd

AI Squared Management Ltd raised its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 180.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 374,630 shares of the company’s stock after acquiring an additional 241,094 shares during the period. Atour Lifestyle accounts for 10.3% of AI Squared Management Ltd’s portfolio, making the stock its 3rd largest position. AI Squared Management Ltd’s holdings in Atour Lifestyle were worth $10,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ATAT. Geode Capital Management LLC grew its stake in shares of Atour Lifestyle by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock valued at $1,794,000 after purchasing an additional 863 shares during the period. Loomis Sayles & Co. L P acquired a new stake in Atour Lifestyle in the 3rd quarter valued at $34,000. American Century Companies Inc. grew its position in Atour Lifestyle by 3.8% in the fourth quarter. American Century Companies Inc. now owns 62,772 shares of the company’s stock valued at $1,688,000 after acquiring an additional 2,321 shares during the period. Lester Murray Antman dba SimplyRich raised its stake in Atour Lifestyle by 11.9% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company’s stock worth $626,000 after acquiring an additional 2,469 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Atour Lifestyle during the third quarter valued at $143,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ATAT has been the subject of a number of recent analyst reports. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the stock a “buy” rating in a research report on Thursday, March 6th. Bank of America lifted their target price 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 started coverage on Atour Lifestyle in a report on Monday, December 9th. They set a “buy” rating and a $34.40 target price on the stock.

Atour Lifestyle Price Performance

Shares of Atour Lifestyle stock opened at $30.24 on Tuesday. The firm has a 50 day simple moving average of $28.91 and a 200 day simple moving average of $26.88. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $33.32. The firm has a market cap of $4.16 billion, a P/E ratio of 26.07, a P/E/G ratio of 0.59 and a beta of 0.37.

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.