Geode Capital Management LLC Has $1.79 Million Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Geode Capital Management LLC raised its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 1.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 69,171 shares of the company’s stock after purchasing an additional 863 shares during the period. Geode Capital Management LLC’s holdings in Atour Lifestyle were worth $1,794,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in Atour Lifestyle during the second quarter valued at $7,940,000. Jupiter Asset Management Ltd. bought a new stake in shares of Atour Lifestyle during the 2nd quarter valued at about $4,406,000. Renaissance Technologies LLC grew its stake in Atour Lifestyle by 126.7% during the second quarter. Renaissance Technologies LLC now owns 783,400 shares of the company’s stock worth $14,375,000 after purchasing an additional 437,900 shares during the period. Hsbc Holdings PLC bought a new stake in Atour Lifestyle in the second quarter worth approximately $2,092,000. Finally, XTX Topco Ltd acquired a new position in Atour Lifestyle in the second quarter valued at approximately $390,000. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Price Performance

Shares of Atour Lifestyle stock opened at $25.83 on Thursday. The business has a 50-day simple moving average of $26.66 and a 200 day simple moving average of $22.72. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 0.65 and a beta of 0.45. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $29.90.

Wall Street Analyst Weigh In

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

About Atour Lifestyle

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.