Trivest Advisors Ltd Takes Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Trivest Advisors Ltd acquired a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 17,000 shares of the company’s stock, valued at approximately $457,000.

Several other institutional investors also recently bought and sold shares of ATAT. Geode Capital Management LLC lifted its stake in shares of Atour Lifestyle by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock worth $1,794,000 after purchasing an additional 863 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Atour Lifestyle during the third quarter valued at about $34,000. Lester Murray Antman dba SimplyRich boosted its holdings in shares of Atour Lifestyle by 11.9% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company’s stock valued at $626,000 after buying an additional 2,469 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Atour Lifestyle in the 3rd quarter worth approximately $143,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Atour Lifestyle during the fourth quarter valued at approximately $213,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

Atour Lifestyle Trading Down 1.2 %

NASDAQ:ATAT opened at $30.92 on Wednesday. The company has a market capitalization of $4.25 billion, a P/E ratio of 26.66, a PEG ratio of 0.59 and a beta of 0.37. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $33.32. The firm has a fifty day simple moving average of $28.52 and a 200-day simple moving average of $26.56.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ATAT. The Goldman Sachs Group assumed coverage on Atour Lifestyle in a research report on Monday, December 9th. They set a “buy” rating and a $34.40 price target on the stock. UBS Group set a $37.30 target price on Atour Lifestyle and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, Bank of America increased their price target on Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research note on Friday, March 14th.

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.