Atour Lifestyle Holdings Limited Sponsored ADR $ATAT is AI Squared Management Ltd’s 4th Largest Position

AI Squared Management Ltd raised its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 13.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,158 shares of the company’s stock after purchasing an additional 18,764 shares during the period. Atour Lifestyle accounts for about 6.3% of AI Squared Management Ltd’s holdings, making the stock its 4th largest holding. AI Squared Management Ltd owned about 0.12% of Atour Lifestyle worth $6,058,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in shares of Atour Lifestyle in the 2nd quarter worth about $29,000. Assetmark Inc. purchased a new position in shares of Atour Lifestyle during the third quarter valued at about $37,000. Loomis Sayles & Co. L P raised its stake in Atour Lifestyle by 322.0% in the second quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock worth $47,000 after buying an additional 1,111 shares in the last quarter. Blue Trust Inc. bought a new position in Atour Lifestyle in the third quarter worth about $60,000. Finally, Asset Management One Co. Ltd. purchased a new stake in Atour Lifestyle in the third quarter worth about $113,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Shares of NASDAQ ATAT opened at $36.46 on Friday. The company has a 50 day simple moving average of $38.44 and a two-hundred day simple moving average of $38.75. Atour Lifestyle Holdings Limited Sponsored ADR has a fifty-two week low of $21.50 and a fifty-two week high of $43.17. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 0.76 and a beta of 0.76.

Wall Street Analyst Weigh In

ATAT has been the topic of a number of research analyst reports. Macquarie Infrastructure upped their target price on Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. started coverage on Atour Lifestyle in a research note on Wednesday, November 12th. They issued an “overweight” rating and a $57.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, January 21st. Citigroup upped their price target on Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, CLSA assumed coverage on Atour Lifestyle in a research report on Friday, January 2nd. They set an “outperform” rating and a $49.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.63.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.