Causeway Capital Management LLC Cuts Stock Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Causeway Capital Management LLC lessened its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 9.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 611,570 shares of the company’s stock after selling 61,214 shares during the quarter. Causeway Capital Management LLC’s holdings in Atour Lifestyle were worth $22,989,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Atour Lifestyle by 135.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 806,445 shares of the company’s stock worth $26,218,000 after buying an additional 463,656 shares during the last quarter. ABN Amro Investment Solutions purchased a new position in Atour Lifestyle in the 2nd quarter worth $3,601,000. Hel Ved Capital Management Ltd bought a new stake in Atour Lifestyle in the second quarter worth $2,724,000. Nomura Holdings Inc. purchased a new stake in Atour Lifestyle during the second quarter valued at about $5,945,000. Finally, Aberdeen Group plc increased its holdings in shares of Atour Lifestyle by 22.7% in the third quarter. Aberdeen Group plc now owns 908,024 shares of the company’s stock worth $33,937,000 after buying an additional 167,730 shares during the period. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Stock Down 0.7%

ATAT opened at $36.21 on Tuesday. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $21.50 and a 52 week high of $43.17. The stock has a market cap of $5.00 billion, a PE ratio of 24.63, a PEG ratio of 0.76 and a beta of 0.76. The business has a 50 day moving average of $38.36 and a 200-day moving average of $38.80.

Analyst Upgrades and Downgrades

ATAT has been the topic of a number of analyst reports. Citigroup lifted their price target on Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. CLSA initiated coverage on shares of Atour Lifestyle in a research report on Friday, January 2nd. They set an “outperform” rating and a $49.00 price target for the company. Macquarie Infrastructure boosted their price target on Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. started coverage on Atour Lifestyle in a report on Wednesday, November 12th. They issued an “overweight” rating and a $57.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Atour Lifestyle currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.63.

About Atour Lifestyle

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.