Public Employees Retirement System of Ohio purchased a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 31,977 shares of the company’s stock, valued at approximately $1,017,000.
Several other large investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in shares of Atour Lifestyle by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock worth $40,739,000 after acquiring an additional 14,453 shares during the period. American Century Companies Inc. grew its stake in Atour Lifestyle by 13.8% in the second quarter. American Century Companies Inc. now owns 68,633 shares of the company’s stock worth $2,231,000 after purchasing an additional 8,332 shares in the last quarter. First Trust Advisors LP bought a new position in Atour Lifestyle in the second quarter worth approximately $1,586,000. Jump Financial LLC increased its holdings in Atour Lifestyle by 38.0% during the 2nd quarter. Jump Financial LLC now owns 62,192 shares of the company’s stock worth $2,022,000 after purchasing an additional 17,124 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in Atour Lifestyle by 172.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 975,098 shares of the company’s stock worth $31,700,000 after purchasing an additional 617,292 shares during the period. 17.79% of the stock is owned by hedge funds and other institutional investors.
Atour Lifestyle Trading Down 3.1%
ATAT opened at $33.28 on Wednesday. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 0.93 and a beta of 0.63. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $30.77 and a 12 month high of $43.17. The stock has a fifty day moving average price of $33.75 and a 200-day moving average price of $35.28.
Analyst Ratings Changes
ATAT has been the subject of several recent research reports. Weiss Ratings downgraded Atour Lifestyle from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Zacks Research downgraded shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of Atour Lifestyle from a “buy” rating to a “hold” rating in a report on Saturday. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Atour Lifestyle has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.
Get Our Latest Analysis on ATAT
Atour Lifestyle Company Profile
Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.
In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.
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