Burgundy Asset Management Ltd. Has $30.16 Million Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Burgundy Asset Management Ltd. boosted its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 22.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 774,823 shares of the company’s stock after buying an additional 141,049 shares during the quarter. Burgundy Asset Management Ltd.’s holdings in Atour Lifestyle were worth $30,156,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in Atour Lifestyle in the 2nd quarter valued at approximately $29,000. Assetmark Inc. acquired a new stake in Atour Lifestyle in the third quarter valued at $37,000. Loomis Sayles & Co. L P raised its position in Atour Lifestyle by 322.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock worth $47,000 after purchasing an additional 1,111 shares during the last quarter. Blue Trust Inc. acquired a new position in Atour Lifestyle during the 3rd quarter worth about $60,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Atour Lifestyle in the 3rd quarter valued at about $113,000. 17.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ATAT shares. CLSA began coverage on Atour Lifestyle in a research report on Friday, January 2nd. They set an “outperform” rating and a $49.00 price objective for the company. Macquarie Infrastructure raised their price target on shares of Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, January 21st. Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Finally, Citigroup lifted their target price 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. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.30.

Atour Lifestyle Trading Up 0.1%

Shares of NASDAQ ATAT opened at $36.50 on Thursday. The firm has a market capitalization of $5.04 billion, a P/E ratio of 24.83, a P/E/G ratio of 0.75 and a beta of 0.76. The firm’s 50-day moving average price is $38.64 and its 200-day moving average price is $38.72. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $21.50 and a 1-year high of $43.17.

Atour Lifestyle 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.