3G Capital Partners LP Lowers Stock Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

3G Capital Partners LP cut its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 65.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 400,000 shares of the company’s stock after selling 750,000 shares during the period. Atour Lifestyle accounts for 3.6% of 3G Capital Partners LP’s holdings, making the stock its 12th biggest holding. 3G Capital Partners LP owned about 0.29% of Atour Lifestyle worth $15,036,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ATAT. Greenwoods Asset Management Hong Kong Ltd. boosted its position in Atour Lifestyle by 986.9% during the 3rd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,290,136 shares of the company’s stock valued at $86,086,000 after acquiring an additional 2,079,436 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Atour Lifestyle by 11,289.7% in the 2nd quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company’s stock valued at $45,211,000 after acquiring an additional 1,378,476 shares during the period. Tree Line Advisors Hong Kong Ltd. bought a new position in shares of Atour Lifestyle in the 2nd quarter worth $29,259,000. Norges Bank purchased a new stake in shares of Atour Lifestyle during the 2nd quarter worth $27,627,000. Finally, Aspex Management HK Ltd lifted its stake in shares of Atour Lifestyle by 17.8% during the 2nd quarter. Aspex Management HK Ltd now owns 5,314,881 shares of the company’s stock worth $172,787,000 after purchasing an additional 804,245 shares during the last quarter. 17.79% of the stock is owned by hedge funds and other institutional investors.

Atour Lifestyle Price Performance

Shares of ATAT stock opened at $35.24 on Friday. The business has a fifty day moving average of $38.05 and a 200 day moving average of $38.77. Atour Lifestyle Holdings Limited Sponsored ADR has a 1 year low of $21.50 and a 1 year high of $43.17. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 0.73 and a beta of 0.76.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, January 21st. Macquarie Infrastructure increased their price target on shares of Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Zacks Research cut shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Citigroup lifted their price objective on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Finally, CLSA assumed coverage on shares of Atour Lifestyle in a research note on Friday, January 2nd. They set an “outperform” rating and a $49.00 price objective for the company. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Atour Lifestyle has an average rating of “Moderate Buy” and an average target price of $48.60.

About Atour Lifestyle

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.