Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 463,425 shares of the company's stock, valued at approximately $8,045,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.34% of Atour Lifestyle at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Preferred LLC bought a new position in shares of Atour Lifestyle during the 4th quarter valued at approximately $66,000. China Universal Asset Management Co. Ltd. boosted its position in shares of Atour Lifestyle by 9.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 29,667 shares of the company's stock valued at $515,000 after acquiring an additional 2,500 shares during the last quarter. Sylebra Capital LLC bought a new position in shares of Atour Lifestyle during the 3rd quarter valued at approximately $22,073,000. The Manufacturers Life Insurance Company bought a new stake in shares of Atour Lifestyle during the third quarter worth $1,227,000. Finally, Schroder Investment Management Group bought a new stake in shares of Atour Lifestyle during the third quarter worth $6,925,000. 17.79% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, Bank of America decreased their target price on Atour Lifestyle from $25.00 to $23.70 and set a "buy" rating for the company in a research report on Monday, April 1st.
Read Our Latest Report on ATAT
Atour Lifestyle Price Performance
Shares of NASDAQ:ATAT traded down $0.49 on Friday, hitting $17.75. 1,334,155 shares of the company's stock were exchanged, compared to its average volume of 725,404. Atour Lifestyle Holdings Limited has a 12 month low of $14.80 and a 12 month high of $25.40. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 0.47 and a beta of 0.60. The business's 50 day simple moving average is $18.78 and its two-hundred day simple moving average is $18.23.
About Atour Lifestyle
(
Free Report)
Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.
Featured Articles
Before you consider Atour Lifestyle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atour Lifestyle wasn't on the list.
While Atour Lifestyle currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
