1 day ago
OLP CAPITAL MANAGEMENT Ltd increased its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,524,608 shares after purchasing an additional 509,267 shares during the quarter. Atour Lifestyle represents about 56.5% of OLP CAPITAL MANAGEMENT Ltd's portfolio, making it the fund's largest holding. At the end of the reporting period, OLP CAPITAL MANAGEMENT Ltd held approximately 6.17% of Atour Lifestyle, valued at $320,440,000.
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Other institutional investors have also recently adjusted their positions in Atour Lifestyle. Greenwoods Asset Management Hong Kong Ltd. increased its stake by 986.9% in the third quarter, acquiring 2,290,136 shares worth $86,086,000 after adding 2,079,436 shares. SG Americas Securities LLC grew its holdings by 11,289.7% in the second quarter, now owning 1,390,686 shares valued at $45,211,000 after purchasing 1,378,476 additional shares. Tree Line Advisors Hong Kong Ltd. initiated a new position in the second quarter valued at approximately $29,259,000. Mitsubishi UFJ Trust & Banking Corp increased its stake by 173.9% in the second quarter, holding 1,381,600 shares worth $44,916,000 after acquiring 877,153 shares. Norges Bank also established a new position during the second quarter valued at about $27,627,000. Institutional investors collectively own 17.79% of the company's stock.
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Analyst Ratings Changes
Several analysts have recently issued reports on ATAT shares. Macquarie Infrastructure raised its target price from $39.00 to $44.00 and assigned an "outperform" rating in a report dated Tuesday, November 25. Weiss Ratings reiterated a "buy (b-)" rating on January 21. CLSA initiated coverage on January 2 with an "outperform" rating and a $49.00 price target. Zacks Research downgraded the stock from "strong-buy" to "hold" on December 17. Citigroup increased its target price from $43.00 to $45.00 and maintained a "buy" rating on November 25. Overall, six analysts rate the stock as Buy and one as Hold, resulting in a consensus rating of "Moderate Buy" with an average price target of $48.60, according to MarketBeat.com.
View Our Latest Stock Report on Atour Lifestyle
Atour Lifestyle Stock Up 1.7%
ATAT stock opened at $35.24 on Friday. The stock has a 12-month low of $21.50 and a 12-month high of $43.17. Atour Lifestyle Holdings Limited Sponsored ADR has a market capitalization of $4.87 billion, a price-to-earnings (PE) ratio of 23.97, a price-to-earnings-growth (PEG) ratio of 0.72, and a beta of 0.76. The 50-day simple moving average is $38.05, while the 200-day simple moving average is $38.76.
Atour Lifestyle Profile
(Free Report)
Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company in China, offering lodging and accommodation services. Its core business includes developing, operating, and managing boutique hotels and serviced apartments under the Atour Hotel and Ankora brands. These properties primarily target the mid- to upscale market segment, providing a combination of comfort, design-focused interiors, and localized services tailored to both business and leisure travelers.
In addition to accommodations, Atour Lifestyle offers various ancillary services aimed at enhancing guest experiences.
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