Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Short Interest Update

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 3,310,000 shares, a drop of 21.9% from the July 31st total of 4,240,000 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,330,000 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily trading volume, of 1,330,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Atour Lifestyle

Hedge funds have recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. acquired a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $27,000. Hollencrest Capital Management acquired a new position in shares of Atour Lifestyle in the 2nd quarter worth approximately $29,000. Loomis Sayles & Co. L P lifted its position in shares of Atour Lifestyle by 322.0% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock worth $47,000 after purchasing an additional 1,111 shares during the period. Summit Securities Group LLC acquired a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $71,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Atour Lifestyle in the 2nd quarter worth approximately $118,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ATAT. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Citigroup reaffirmed a “buy” rating and set a $38.00 price target (up from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Atour Lifestyle has a consensus rating of “Buy” and an average price target of $36.63.

Atour Lifestyle Trading Down 2.0%

Shares of Atour Lifestyle stock opened at $39.19 on Thursday. The firm has a market capitalization of $5.42 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83. The firm’s 50 day moving average is $35.99 and its 200 day moving average is $31.31. Atour Lifestyle has a 1 year low of $19.53 and a 1 year high of $40.37.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $344.49 million for the quarter, compared to analyst estimates of $326.00 million. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. Atour Lifestyle has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Atour Lifestyle will post 1.24 earnings per share for the current year.

Atour Lifestyle announced that its board has approved a stock repurchase program on Thursday, May 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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.