Prudential PLC Raises Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Prudential PLC boosted its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 15.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 822,347 shares of the company’s stock after purchasing an additional 112,751 shares during the period. Prudential PLC’s holdings in Atour Lifestyle were worth $30,912,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATAT. New York State Common Retirement Fund grew its stake in shares of Atour Lifestyle by 3.7% during the third quarter. New York State Common Retirement Fund now owns 14,100 shares of the company’s stock valued at $530,000 after buying an additional 500 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Atour Lifestyle by 3.2% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 18,084 shares of the company’s stock valued at $659,000 after acquiring an additional 555 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of Atour Lifestyle in the 2nd quarter valued at about $29,000. Assetmark Inc. purchased a new stake in Atour Lifestyle during the 3rd quarter valued at about $37,000. Finally, Squarepoint Ops LLC boosted its holdings in Atour Lifestyle by 3.8% during the 2nd quarter. Squarepoint Ops LLC now owns 29,458 shares of the company’s stock valued at $958,000 after acquiring an additional 1,073 shares during the period. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on ATAT. CLSA started coverage on Atour Lifestyle in a research note on Friday, January 2nd. They issued an “outperform” rating and a $49.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, January 21st. Citigroup raised their target price on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.60.

Atour Lifestyle Stock Up 1.7%

Shares of ATAT stock opened at $35.24 on Friday. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 0.72 and a beta of 0.76. The stock has a fifty day moving average of $38.05 and a 200 day moving average of $38.76. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $21.50 and a 52 week high of $43.17.

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.