Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Sold by Serenity Capital Management PTE. LTD.

Serenity Capital Management PTE. LTD. lowered its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 21.8% in the third quarter, Holdings Channel reports. The institutional investor owned 215,000 shares of the company’s stock after selling 60,000 shares during the period. Atour Lifestyle accounts for approximately 2.1% of Serenity Capital Management PTE. LTD.’s holdings, making the stock its 7th biggest position. Serenity Capital Management PTE. LTD.’s holdings in Atour Lifestyle were worth $8,082,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Atour Lifestyle by 135.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 806,445 shares of the company’s stock worth $26,218,000 after purchasing an additional 463,656 shares during the period. ABN Amro Investment Solutions bought a new stake in Atour Lifestyle in the 2nd quarter valued at about $3,601,000. Hel Ved Capital Management Ltd bought a new position in Atour Lifestyle in the 2nd quarter worth about $2,724,000. Nomura Holdings Inc. acquired a new stake in shares of Atour Lifestyle in the second quarter worth $5,945,000. Finally, Aberdeen Group plc lifted its stake in shares of Atour Lifestyle by 22.7% in the third quarter. Aberdeen Group plc now owns 908,024 shares of the company’s stock valued at $33,937,000 after purchasing an additional 167,730 shares during the period. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Shares of ATAT opened at $34.64 on Friday. The stock has a fifty day moving average of $38.14 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. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.75 and a beta of 0.76.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ATAT. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, January 21st. Citigroup increased their target price on Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Macquarie Infrastructure raised their price target on Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” 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 research report on Wednesday, December 17th. Finally, CLSA initiated coverage on shares of Atour Lifestyle in a research note on Friday, January 2nd. They issued an “outperform” rating and a $49.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.63.

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.