Cornerstone Investment Partners LLC Buys New Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Cornerstone Investment Partners LLC purchased a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 7,925 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds have also bought and sold shares of ATAT. Loomis Sayles & Co. L P bought a new stake in shares of Atour Lifestyle in the third quarter worth about $34,000. Public Employees Retirement System of Ohio purchased a new position in Atour Lifestyle during the 3rd quarter valued at approximately $143,000. Y Intercept Hong Kong Ltd bought a new stake in Atour Lifestyle in the 3rd quarter worth approximately $430,000. Nkcfo LLC purchased a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $538,000. Finally, Lester Murray Antman dba SimplyRich raised its holdings in shares of 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 acquiring an additional 2,469 shares in the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began 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 on the stock.

Atour Lifestyle Price Performance

Shares of ATAT stock opened at $29.40 on Wednesday. The company has a market cap of $4.05 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 0.59 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. The stock’s 50 day simple moving average is $27.82 and its two-hundred day simple moving average is $25.65.

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.