Jupiter Asset Management Ltd. Purchases 334,200 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Jupiter Asset Management Ltd. lifted its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 135.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 581,300 shares of the company’s stock after buying an additional 334,200 shares during the period. Jupiter Asset Management Ltd.’s holdings in Atour Lifestyle were worth $15,631,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC increased its position in shares of Atour Lifestyle by 352.7% in the 3rd quarter. FMR LLC now owns 889,942 shares of the company’s stock valued at $23,085,000 after buying an additional 693,342 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Atour Lifestyle in the 3rd quarter valued at $1,251,000. XTX Topco Ltd increased its position in shares of Atour Lifestyle by 119.5% in the 3rd quarter. XTX Topco Ltd now owns 46,638 shares of the company’s stock valued at $1,210,000 after buying an additional 25,390 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Atour Lifestyle in the 4th quarter valued at $1,344,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Atour Lifestyle during the 3rd quarter worth about $2,741,000. Institutional investors own 17.79% of the company’s stock.

Analysts Set New Price Targets

ATAT has been the subject of a number of research reports. UBS Group set a $37.30 target price on Atour Lifestyle and gave the stock a “buy” rating in a report on Thursday, March 6th. The Goldman Sachs Group initiated coverage on Atour Lifestyle in a report on Monday, December 9th. They set a “buy” rating and a $34.40 target price for the company.

Atour Lifestyle Trading Down 0.2 %

ATAT stock opened at $30.30 on Thursday. The stock has a market cap of $4.17 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.36. The stock has a 50-day moving average price of $28.14 and a two-hundred day moving average price of $26.13. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.32.

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.