EntryPoint Capital LLC, a hedge fund, recently reduced its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 67.1% in the first quarter, selling 4,511 shares and leaving them with 2,209 shares valued at $40,000. Other institutional investors also made changes to their positions in the company. Atour Lifestyle’s stock has a 12-month low of $15.06 and a high of $23.00, with a market capitalization of $2.31 billion. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24. Analysts predict a 1.11 EPS for the current fiscal year.
Several analysts have weighed in on Atour Lifestyle’s stock, with Macquarie giving an “outperform” rating and a $26.00 price target, while Bank of America lowered their price target to $23.70 from $25.00 and maintained a “buy” rating. Atour Lifestyle Holdings Limited operates themed hotels in China catering to different age groups and interests, including music, basketball, and literary hotels.
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