Atour Lifestyle Holdings Limited Sponsored ADR $ATAT is Monolith Management Ltd’s 9th Largest Position

Monolith Management Ltd raised its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 18.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 214,436 shares of the company’s stock after acquiring an additional 33,292 shares during the quarter. Atour Lifestyle comprises approximately 3.6% of Monolith Management Ltd’s holdings, making the stock its 9th largest position. Monolith Management Ltd’s holdings in Atour Lifestyle were worth $8,061,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ATAT. Hollencrest Capital Management purchased a new stake in shares of Atour Lifestyle in the 2nd quarter valued at approximately $29,000. Assetmark Inc. acquired a new stake in Atour Lifestyle during the 3rd quarter worth $37,000. Loomis Sayles & Co. L P grew its holdings in shares of Atour Lifestyle by 322.0% during the second quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock worth $47,000 after buying an additional 1,111 shares during the last quarter. Blue Trust Inc. purchased a new position in shares of Atour Lifestyle in the 3rd quarter valued at approximately $60,000. Finally, Asset Management One Co. Ltd. acquired a new position in Atour Lifestyle in the 3rd quarter valued at $113,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ATAT. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, January 21st. Zacks Research lowered Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Citigroup raised their price target on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. CLSA started coverage on Atour Lifestyle in a report on Friday, January 2nd. They set an “outperform” rating and a $49.00 price objective on the stock. Finally, Macquarie Infrastructure boosted their target price on shares of Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $46.63.

Atour Lifestyle Stock Up 0.6%

NASDAQ:ATAT opened at $36.44 on Wednesday. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $21.50 and a 52 week high of $43.17. The business’s 50 day moving average is $38.30 and its two-hundred day moving average is $38.80. The company has a market cap of $5.04 billion, a PE ratio of 24.79, a P/E/G ratio of 0.75 and a beta of 0.76.

Atour Lifestyle Company 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.