Quadrature Capital Ltd Acquires Stake in Atour Lifestyle Holdings

Quadrature Capital Ltd has made a significant move by acquiring a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT). This acquisition took place in the third quarter and was disclosed in the company’s latest 13F filing with the SEC. Quadrature Capital purchased 32,977 shares of Atour Lifestyle, with a total value of approximately $856,000.

Recent activity shows that several other hedge funds have also adjusted their positions in Atour Lifestyle. For instance, Loomis Sayles & Co. L P bought a new stake in the third quarter, with an investment of about $34,000. XTX Topco Ltd made a similar move earlier in the second quarter, acquiring shares worth approximately $390,000. Meanwhile, Van Berkom & Associates Inc. invested around $492,000, and Walleye Capital LLC added a new stake in the third quarter valued at about $649,000. Lastly, Los Angeles Capital Management LLC also acquired shares worth about $666,000 during the same period. As of now, institutional investors and hedge funds together own about 17.79% of Atour’s stock.

Current Trading Status of Atour Lifestyle

As of the latest trading session, shares of Atour Lifestyle opened at $26.49. The stock has maintained a 50-day moving average of $26.53, while its 200-day moving average stands at $21.18. Collectively, Atour has a market capitalization of $3.65 billion, with a price-to-earnings (PE) ratio of 22.84 and a price-to-earnings-growth (PEG) ratio of 0.62. The stock exhibits a beta value of 0.52, indicating relatively less volatility compared to the market. Over the last 12 months, Atour Lifestyle has seen lows of $15.22 and highs of $29.15.

About Atour Lifestyle Holdings

Atour Lifestyle Holdings Limited, through its various subsidiaries, is engaged in creating lifestyle brands centered around hotel offerings in the People’s Republic of China. The company offers hotel management services, which include daily management for franchises and the sale of hotel supplies and products.

Additional Insights

Investors considering Atour Lifestyle might want to research further, as reports suggest other stocks may hold greater potential. Analysts have recommended various stocks that outperform Atour Lifestyle, despite its current “Buy” rating.

For those interested in equity investments, evaluating multiple options before making a decision is advisable.

Acquisition, Investment, Stocks