Pinpoint Asset Management Singapore Pte. Ltd. Decreases Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Pinpoint Asset Management Singapore cut its stake in Atour Lifestyle (NASDAQ:ATAT) by 46.9% in Q3, selling 32,222 shares and leaving 36,513 shares valued at about $1.37 million, according to its latest 13F filing.
• Several large institutions moved in the opposite direction, with Aspex owning 5.314 million shares, Vanguard 2.78 million, and Greenwoods boosting its stake by 986.9% to 2.29 million shares, leaving institutional ownership at 17.79%.
• Analyst sentiment is largely favorable — 7 Buy ratings and 1 Hold with a consensus target of $46.63 — while ATAT trades around $36.46, has a market cap of ~$5.04 billion and a P/E of 24.8.

Pinpoint Asset Management Singapore Pte. Ltd. lowered its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 46.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,513 shares of the company's stock after selling 32,222 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd.'s holdings in Atour Lifestyle were worth $1,373,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Aspex Management HK Ltd boosted its position in Atour Lifestyle by 17.8% during the second quarter. Aspex Management HK Ltd now owns 5,314,881 shares of the company's stock worth $172,787,000 after purchasing an additional 804,245 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Atour Lifestyle by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,779,715 shares of the company's stock worth $104,489,000 after buying an additional 56,002 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its stake in shares of Atour Lifestyle by 986.9% during the 3rd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,290,136 shares of the company's stock worth $86,086,000 after buying an additional 2,079,436 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Atour Lifestyle by 44.5% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,995,943 shares of the company's stock worth $75,027,000 after buying an additional 614,343 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Atour Lifestyle by 69.5% in the 3rd quarter. Schroder Investment Management Group now owns 1,656,928 shares of the company's stock worth $62,532,000 after buying an additional 679,256 shares in the last quarter. 17.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on ATAT shares. Zacks Research cut shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Atour Lifestyle in a report on Wednesday, January 21st. CLSA started coverage on shares of Atour Lifestyle in a research report on Friday, January 2nd. They issued an "outperform" rating and a $49.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Atour Lifestyle in a research note on Wednesday, November 12th. They set an "overweight" rating and a $57.00 price objective for the company. Finally, Macquarie Infrastructure lifted their price objective on Atour Lifestyle from $39.00 to $44.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 25th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Atour Lifestyle currently has an average rating of "Moderate Buy" and a consensus target price of $46.63.

Atour Lifestyle Trading Down 2.1%

Shares of ATAT stock opened at $36.46 on Monday. The firm has a 50-day moving average price of $38.44 and a 200 day moving average price of $38.79. Atour Lifestyle Holdings Limited Sponsored ADR has a twelve month low of $21.50 and a twelve month high of $43.17. The company has a market capitalization 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 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.

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