Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Short Interest Update

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,380,000 shares, a growth of 14.0% from the March 31st total of 1,210,000 shares. Based on an average trading volume of 607,100 shares, the short-interest ratio is currently 2.3 days. Currently, 1.3% of the company's stock are sold short.

Atour Lifestyle Stock Performance

NASDAQ ATAT traded down $0.66 during trading hours on Monday, reaching $18.00. The stock had a trading volume of 447,586 shares, compared to its average volume of 615,419. The stock has a fifty day moving average of $18.66 and a 200 day moving average of $18.20. The stock has a market cap of $2.48 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 0.50 and a beta of 0.61. Atour Lifestyle has a 52-week low of $14.80 and a 52-week high of $23.00.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. Atour Lifestyle had a return on equity of 42.81% and a net margin of 15.66%. The company had revenue of $212.01 million during the quarter, compared to the consensus estimate of $177.28 million. On average, equities research analysts forecast that Atour Lifestyle will post 1.04 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Schroder Investment Management Group acquired a new position in Atour Lifestyle in the third quarter valued at approximately $6,925,000. Nomura Holdings Inc. raised its stake in shares of Atour Lifestyle by 157.0% during the 3rd quarter. Nomura Holdings Inc. now owns 320,045 shares of the company's stock worth $6,033,000 after buying an additional 195,493 shares during the period. Barclays PLC raised its stake in shares of Atour Lifestyle by 263.5% during the 3rd quarter. Barclays PLC now owns 30,210 shares of the company's stock worth $569,000 after buying an additional 21,900 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Atour Lifestyle during the 4th quarter worth approximately $8,045,000. Finally, Burgundy Asset Management Ltd. raised its stake in shares of Atour Lifestyle by 22.0% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 376,603 shares of the company's stock worth $7,099,000 after buying an additional 67,855 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ATAT. Bank of America dropped their price target on Atour Lifestyle from $25.00 to $23.70 and set a "buy" rating on the stock in a research note on Monday, April 1st. Macquarie initiated coverage on Atour Lifestyle in a research report on Monday, April 22nd. They issued an "outperform" rating and a $26.00 target price on the stock.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.