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

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 4,130,000 shares, a decrease of 17.9% from the March 31st total of 5,030,000 shares. Approximately 3.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,400,000 shares, the short-interest ratio is currently 3.0 days.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock a “buy” rating in a research note on Thursday, March 6th. 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.

Atour Lifestyle Trading Down 0.6 %

ATAT opened at $24.56 on Friday. The stock has a 50-day moving average of $27.13 and a 200 day moving average of $27.10. Atour Lifestyle has a 12 month low of $15.22 and a 12 month high of $33.32. The firm has a market cap of $3.38 billion, a P/E ratio of 21.17, a P/E/G ratio of 0.59 and a beta of 0.51.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $275.49 million. On average, research analysts forecast that Atour Lifestyle will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ATAT. Geode Capital Management LLC grew its holdings in Atour Lifestyle by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock valued at $1,794,000 after purchasing an additional 863 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Atour Lifestyle by 3.0% during the first quarter. Envestnet Asset Management Inc. now owns 53,827 shares of the company’s stock valued at $1,526,000 after buying an additional 1,549 shares during the period. American Century Companies Inc. grew its stake in shares of Atour Lifestyle by 3.8% during the fourth quarter. American Century Companies Inc. now owns 62,772 shares of the company’s stock valued at $1,688,000 after buying an additional 2,321 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its holdings in shares of Atour Lifestyle by 11.9% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company’s stock worth $626,000 after buying an additional 2,469 shares during the period. Finally, Jump Financial LLC lifted its stake in shares of Atour Lifestyle by 1.5% during the 4th quarter. Jump Financial LLC now owns 180,409 shares of the company’s stock worth $4,851,000 after acquiring an additional 2,620 shares during the last quarter. Institutional investors own 17.79% of the company’s stock.

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.