Wellington Management Group LLP Buys Shares of 48,228 Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Wellington Management Group LLP purchased a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 48,228 shares of the company’s stock, valued at approximately $1,251,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Loomis Sayles & Co. L P acquired a new position in Atour Lifestyle during the third quarter worth $34,000. XTX Topco Ltd bought a new stake in shares of Atour Lifestyle during the 2nd quarter worth about $390,000. Van Berkom & Associates Inc. bought a new stake in shares of Atour Lifestyle during the 2nd quarter worth about $492,000. Walleye Capital LLC acquired a new position in shares of Atour Lifestyle during the 3rd quarter valued at about $649,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Atour Lifestyle in the 3rd quarter valued at approximately $666,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

NASDAQ ATAT opened at $27.32 on Friday. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $29.90. The stock has a market cap of $3.76 billion, a PE ratio of 23.55, a PEG ratio of 0.65 and a beta of 0.52. The firm has a 50-day simple moving average of $26.57 and a 200 day simple moving average of $21.78.

Analyst Upgrades and Downgrades

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

Atour Lifestyle 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.