Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Sees Large Decline in Short Interest

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 4,130,000 shares, a decline of 17.9% from the March 31st total of 5,030,000 shares. Based on an average trading volume of 1,400,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.8% of the shares of the company are sold short.

Hedge Funds Weigh In On Atour Lifestyle

Several large investors have recently made changes to their positions in ATAT. Sanctuary Advisors LLC acquired a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $1,344,000. JPMorgan Chase & Co. increased its holdings in Atour Lifestyle by 39.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock valued at $38,012,000 after purchasing an additional 402,974 shares during the last quarter. Prudential Financial Inc. bought a new position in Atour Lifestyle during the fourth quarter worth about $1,718,000. Arrowstreet Capital Limited Partnership grew its position in shares of Atour Lifestyle by 1,250.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company's stock worth $11,962,000 after buying an additional 411,893 shares during the period. Finally, Norges Bank acquired a new stake in shares of Atour Lifestyle in the 4th quarter valued at approximately $36,489,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Price Performance

Shares of Atour Lifestyle stock traded up $0.56 during trading on Tuesday, hitting $25.63. 663,260 shares of the company's stock traded hands, compared to its average volume of 1,213,728. The company has a market cap of $3.53 billion, a PE ratio of 22.09, a PEG ratio of 0.59 and a beta of 0.59. Atour Lifestyle has a twelve month low of $15.22 and a twelve month high of $33.32. The firm's fifty day moving average price is $27.01 and its 200 day moving average price is $27.09.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. The firm had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. As a group, equities research analysts anticipate that Atour Lifestyle will post 1.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on ATAT shares. Bank of America boosted their price target on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the stock a "buy" rating in a report on Thursday, March 6th.

About Atour Lifestyle

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.