Van Berkom & Associates Inc. Increases Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Van Berkom & Associates Inc. grew its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 112.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,808 shares of the company’s stock after purchasing an additional 37,940 shares during the period. Van Berkom & Associates Inc. owned approximately 0.05% of Atour Lifestyle worth $1,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Loomis Sayles & Co. L P purchased a new position in Atour Lifestyle during the 3rd quarter valued at about $34,000. Public Employees Retirement System of Ohio purchased a new position in shares of Atour Lifestyle in the third quarter valued at approximately $143,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Atour Lifestyle in the third quarter valued at approximately $430,000. Nkcfo LLC acquired a new position in shares of Atour Lifestyle in the fourth quarter valued at approximately $538,000. Finally, Lester Murray Antman dba SimplyRich increased its stake in Atour Lifestyle by 11.9% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company’s stock worth $626,000 after buying an additional 2,469 shares during the period. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on shares of Atour Lifestyle in a research report on Monday, December 9th. They issued a “buy” rating and a $34.40 price target for the company.

Atour Lifestyle Price Performance

ATAT stock opened at $31.92 on Friday. The business’s 50-day moving average is $27.46 and its two-hundred day moving average is $24.80. The firm has a market capitalization of $4.39 billion, a P/E ratio of 27.52, a P/E/G ratio of 0.61 and a beta of 0.45. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.31.

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.