Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Stock Holdings Reduced by Newport Asia LLC

Newport Asia LLC decreased its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 31.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,956 shares of the company’s stock after selling 30,639 shares during the period. Atour Lifestyle comprises approximately 100.0% of Newport Asia LLC’s portfolio, making the stock its biggest holding. Newport Asia LLC’s holdings in Atour Lifestyle were worth $1,774,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Atour Lifestyle by 1.3% during the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock worth $1,794,000 after acquiring an additional 863 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Atour Lifestyle during the third quarter worth $34,000. Lester Murray Antman dba SimplyRich lifted its position in shares of 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. Public Employees Retirement System of Ohio purchased a new stake in shares of Atour Lifestyle during the third quarter worth $143,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Atour Lifestyle during the fourth quarter worth $213,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Shares of ATAT stock opened at $30.92 on Wednesday. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32. The company has a market capitalization of $4.25 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 0.59 and a beta of 0.37. The business’s fifty day moving average is $28.52 and its 200 day moving average is $26.56.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ATAT shares. The Goldman Sachs Group started coverage on Atour Lifestyle in a research report on Monday, December 9th. They set a “buy” rating and a $34.40 target price on the stock. 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. Finally, Bank of America increased their target price on Atour Lifestyle from $35.30 to $36.80 and gave the stock a “buy” rating in a research report on Friday, March 14th.

Atour Lifestyle Company 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.