EntryPoint Capital LLC reduced its stake in Atour Lifestyle Holdings Limited by 67.1% during the first quarter. The institutional investor sold 4,511 shares, leaving them with 2,209 shares valued at $40,000. Other hedge funds also made changes to their positions in Atour Lifestyle, including National Bank of Canada FI, New York State Common Retirement Fund, E Fund Management Hong Kong Co. Ltd., Advisors Preferred LLC, and Quadrature Capital Ltd. These changes bring the total ownership of institutional investors to 17.79% of the stock.
Atour Lifestyle’s stock has been trading up 1.1%, opening at $16.80 on Monday. The company reported $0.26 EPS for the quarter ending on May 23rd, exceeding the consensus estimate by $0.02. Analysts predict a yearly EPS of 1.11 for Atour Lifestyle Holdings Limited. Several Wall Street analysts have recently commented on the stock, with Macquarie giving an “outperform” rating and a price target of $26.00, while Bank of America lowered their price target to $23.70 but maintained a “buy” rating.
Atour Lifestyle Holdings Limited operates themed hotels in China catering to different lifestyles and age groups. The company’s offerings include music hotels, basketball hotels, and literary hotels. Investors can access the latest 13F filings and insider trades for Atour Lifestyle Holdings Limited on HoldingsChannel.com. Subscribe to MarketBeat.com for daily news and analyst ratings on Atour Lifestyle.
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