JPMorgan Chase & Co. Acquires 199,330 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

JPMorgan Chase & Co. boosted its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 24.6% in the third quarter, Holdings Channel reports. The firm owned 1,010,619 shares of the company’s stock after purchasing an additional 199,330 shares during the quarter. JPMorgan Chase & Co.’s holdings in Atour Lifestyle were worth $26,215,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ATAT. Geode Capital Management LLC raised its stake in Atour Lifestyle by 1.3% during the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock worth $1,794,000 after acquiring an additional 863 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Atour Lifestyle in the 3rd quarter worth about $34,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Atour Lifestyle during the 3rd quarter worth about $143,000. Marshall Wace LLP lifted its holdings in Atour Lifestyle by 19.6% during the 2nd quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock valued at $1,161,000 after purchasing an additional 10,386 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Atour Lifestyle in the third quarter valued at about $430,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Stock Down 1.3 %

Shares of NASDAQ:ATAT opened at $25.20 on Wednesday. The firm has a market cap of $3.47 billion, a P/E ratio of 21.72, a P/E/G ratio of 0.65 and a beta of 0.45. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $29.90. The company’s 50-day moving average price is $26.67 and its two-hundred day moving average price is $22.70.

Wall Street Analysts Forecast Growth

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

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.