Mirae Asset Global Investments Co. Ltd. decreased its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ: ATAT) by 21.4% during the third quarter. The investment firm sold 29,793 shares, leaving it with 109,354 shares of the company’s stock at the end of the period.
This reduction was disclosed in the firm’s latest filing with the U.S. Securities and Exchange Commission (SEC).
**Why this matters**
Changes in institutional ownership can signal shifts in investor confidence or portfolio strategy. Mirae Asset’s sale may influence market perceptions of Atour Lifestyle Holdings and could impact the stock’s trading activity.
Source: NewsData