Trivest Advisors Ltd Acquires Shares of 17,000 Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Trivest Advisors Ltd bought a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,000 shares of the company’s stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATAT. Loomis Sayles & Co. L P purchased a new stake in Atour Lifestyle in the 3rd quarter worth approximately $34,000. Public Employees Retirement System of Ohio purchased a new stake in Atour Lifestyle during the third quarter worth $143,000. Cornerstone Investment Partners LLC acquired a new stake in Atour Lifestyle during the fourth quarter valued at $213,000. Y Intercept Hong Kong Ltd purchased a new position in Atour Lifestyle in the third quarter valued at $430,000. Finally, HighTower Advisors LLC acquired a new position in shares of Atour Lifestyle in the fourth quarter worth about $512,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Price Performance

Shares of NASDAQ:ATAT opened at $30.92 on Wednesday. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.32. The firm has a market capitalization of $4.25 billion, a PE ratio of 26.66, a P/E/G ratio of 0.59 and a beta of 0.37. The business’s 50 day moving average price is $28.52 and its 200-day moving average price is $26.56.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group started coverage on Atour Lifestyle in a research note on Monday, December 9th. They set a “buy” rating and a $34.40 target price for the company. UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, Bank of America increased their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a 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.