O Neil Global Advisors Inc. Acquires Shares of 26,662 Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

O Neil Global Advisors Inc. purchased a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,662 shares of the company’s stock, valued at approximately $717,000.

Several other hedge funds have also bought and sold shares of ATAT. FMR LLC boosted its holdings in Atour Lifestyle by 352.7% during the third quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after buying an additional 693,342 shares in the last quarter. Wellington Management Group LLP acquired a new position in Atour Lifestyle in the 3rd quarter worth about $1,251,000. XTX Topco Ltd grew its holdings in Atour Lifestyle by 119.5% in the third quarter. XTX Topco Ltd now owns 46,638 shares of the company’s stock valued at $1,210,000 after purchasing an additional 25,390 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Atour Lifestyle during the 3rd quarter worth approximately $2,741,000. Finally, JPMorgan Chase & Co. grew its stake in Atour Lifestyle by 24.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock valued at $26,215,000 after acquiring an additional 199,330 shares during the period. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on Atour Lifestyle in a research note on Monday, December 9th. They set a “buy” rating and a $34.40 price objective for the company.

Atour Lifestyle Trading Down 0.8 %

Shares of ATAT stock opened at $31.92 on Friday. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $33.31. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 0.61 and a beta of 0.45. The company’s 50-day moving average price is $27.46 and its 200-day moving average price is $24.80.

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.