Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Sold by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. trimmed its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 46.9% in the third quarter, Holdings Channel.com reports. The firm owned 36,513 shares of the company’s stock after selling 32,222 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Atour Lifestyle were worth $1,373,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ATAT. Hollencrest Capital Management purchased a new stake in Atour Lifestyle during the second quarter worth approximately $29,000. Assetmark Inc. purchased a new stake in shares of Atour Lifestyle during the third quarter worth about $37,000. Loomis Sayles & Co. L P lifted its stake in shares of 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 acquiring an additional 1,111 shares in the last quarter. Blue Trust Inc. purchased a new position in Atour Lifestyle in the third quarter valued at about $60,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Atour Lifestyle during the 3rd quarter valued at approximately $113,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. CLSA started 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. Zacks Research cut shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. started coverage on shares of Atour Lifestyle in a report on Wednesday, November 12th. They set an “overweight” rating and a $57.00 price objective for the company. Macquarie Infrastructure upped their target price on shares of Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.63.

Atour Lifestyle Price Performance

ATAT stock opened at $36.46 on Monday. The firm has a fifty day moving average price of $38.44 and a two-hundred day moving average price of $38.79. 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 cap of $5.04 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 0.76 and a beta of 0.76.

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.