Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Short Interest Down 21.9% in August

Key Points

• Atour Lifestyle Holdings Limited's short interest decreased by 21.9% in August, dropping from 4,240,000 shares to 3,310,000 shares.
• The company reported earnings of $0.42 per share for the last quarter, exceeding analysts' expectations and generating revenue of $344.49 million.
• Atour Lifestyle's stock has a consensus "Buy" rating with a price target of $36.63 from various analysts.

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Get Free Report) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 3,310,000 shares, adecreaseof21.9% from the July 31st total of 4,240,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the short-interest ratio is currently 2.5 days. Approximately3.0% of the company's shares are sold short. Approximately3.0% of the company's shares are sold short. Based on an average daily trading volume, of 1,330,000 shares, the short-interest ratio is currently 2.5 days.

Atour Lifestyle Price Performance

Atour Lifestyle stock traded up $0.15 during trading hours on Tuesday, reaching $40.18. The stock had a trading volume of 237,289 shares, compared to its average volume of 1,330,781. The company has a fifty day simple moving average of $35.72 and a 200-day simple moving average of $31.19. The stock has a market cap of $5.55 billion, a PE ratio of 29.13, a PEG ratio of 1.31 and a beta of 0.82. Atour Lifestyle has a 52 week low of $19.10 and a 52 week high of $40.37.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $344.49 million during the quarter, compared to analysts' expectations of $326.00 million. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. Atour Lifestyle has set its FY 2025 guidance at EPS. Research analysts predict that Atour Lifestyle will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle declared that its board has approved a stock repurchase program on Thursday, May 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of Atour Lifestyle

Large investors have recently made changes to their positions in the business. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Atour Lifestyle by 1,544.1% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company's stock worth $195,206,000 after buying an additional 6,466,787 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Atour Lifestyle by 3,189.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock worth $73,227,000 after buying an additional 2,504,461 shares during the period. Principal Financial Group Inc. purchased a new position in Atour Lifestyle during the first quarter worth about $68,322,000. SG Americas Securities LLC boosted its stake in Atour Lifestyle by 11,289.7% during the second quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company's stock worth $45,211,000 after buying an additional 1,378,476 shares during the period. Finally, OLP CAPITAL MANAGEMENT Ltd boosted its stake in Atour Lifestyle by 17.1% during the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock worth $193,672,000 after buying an additional 1,052,822 shares during the period. 17.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ATAT shares. Wall Street Zen upgraded Atour Lifestyle from a "hold" rating to a "buy" rating in a report on Friday. Citigroup reiterated a "buy" rating and set a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $36.63.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People's Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.

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