Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Sees Significant Growth in Short Interest

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 2,380,000 shares, an increase of 11.7% from the May 31st total of 2,130,000 shares. Based on an average daily volume of 968,800 shares, the short-interest ratio is presently 2.5 days. Currently, 2.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ATAT shares. Bank of America reduced their price target on shares of Atour Lifestyle from $25.00 to $23.70 and set a "buy" rating on the stock in a research report on Monday, April 1st. Macquarie started coverage on shares of Atour Lifestyle in a research report on Monday, April 22nd. They set an "outperform" rating and a $26.00 price target on the stock.

Atour Lifestyle Trading Up 1.7 %

NASDAQ:ATAT traded up $0.32 on Monday, hitting $18.67. The company had a trading volume of 846,307 shares, compared to its average volume of 760,656. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 0.47 and a beta of 0.55. The firm has a 50 day moving average of $18.06 and a two-hundred day moving average of $18.11. Atour Lifestyle has a 52 week low of $15.06 and a 52 week high of $23.00.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $203.36 million during the quarter. Atour Lifestyle had a net margin of 18.19% and a return on equity of 50.00%. As a group, equities analysts forecast that Atour Lifestyle will post 1.11 EPS for the current year.

Hedge Funds Weigh In On Atour Lifestyle

Large investors have recently modified their holdings of the business. Aspex Management HK Ltd acquired a new stake in shares of Atour Lifestyle during the fourth quarter worth $61,194,000. Vanguard Group Inc. acquired a new stake in shares of Atour Lifestyle during the first quarter worth $35,534,000. Goldman Sachs Group Inc. increased its position in shares of Atour Lifestyle by 396.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company's stock worth $29,702,000 after buying an additional 1,366,236 shares during the period. Sylebra Capital LLC increased its position in shares of Atour Lifestyle by 0.8% during the first quarter. Sylebra Capital LLC now owns 1,511,061 shares of the company's stock worth $27,108,000 after buying an additional 11,780 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Atour Lifestyle by 287.8% during the fourth quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company's stock worth $24,732,000 after buying an additional 1,057,305 shares during the period. Institutional investors own 17.79% of the company's stock.

About Atour Lifestyle

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.