Citigroup Inc. Sells 162,329 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Citigroup Inc. trimmed its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 35.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,569 shares of the company’s stock after selling 162,329 shares during the period. Citigroup Inc. owned approximately 0.21% of Atour Lifestyle worth $11,035,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management bought a new stake in Atour Lifestyle in the second quarter valued at approximately $29,000. Assetmark Inc. acquired a new position in shares of Atour Lifestyle in the 3rd quarter valued at $37,000. Loomis Sayles & Co. L P increased 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 valued at $47,000 after buying an additional 1,111 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of Atour Lifestyle in the 3rd quarter valued at $60,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Atour Lifestyle during the 3rd quarter worth $113,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

NASDAQ ATAT opened at $39.27 on Friday. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $21.50 and a 52 week high of $43.17. The stock’s 50 day moving average price is $38.96 and its two-hundred day moving average price is $38.67. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 0.81 and a beta of 0.80.

Wall Street Analysts Forecast Growth

ATAT has been the subject of a number of research analyst reports. Citigroup boosted their target price on Atour Lifestyle from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Macquarie Infrastructure lifted their price objective on Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. CLSA initiated coverage on Atour Lifestyle in a research note on Friday, January 2nd. They set an “outperform” rating and a $49.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. started coverage on shares of Atour Lifestyle in a report on Wednesday, November 12th. They issued an “overweight” rating and a $57.00 price target for the company. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Atour Lifestyle has a consensus rating of “Moderate Buy” and an average price target of $45.30.

Atour Lifestyle 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.