Atour Lifestyle Holdings Limited’s (NASDAQ:ATAT) Lock-Up Period To End on May 10th

Posted by on May 3rd, 2023

Atour Lifestyle’s (NASDAQ:ATAT – Get Rating) lock-up period will end on Wednesday, May 10th. Atour Lifestyle had issued 4,750,000 shares in its initial public offering on November 11th. The total size of the offering was $52,250,000 based on an initial share price of $11.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Citigroup assumed coverage on Atour Lifestyle in a research note on Friday, March 17th. They issued a “buy” rating and a $28.30 price objective for the company.

Atour Lifestyle Price Performance

Shares of NASDAQ:ATAT opened at $20.21 on Wednesday. Atour Lifestyle has a 1 year low of $11.02 and a 1 year high of $29.40. The business’s 50-day moving average price is $24.14.

Hedge Funds Weigh In On Atour Lifestyle

Several hedge funds and other institutional investors have recently bought and sold shares of ATAT. Point72 Asset Management L.P. acquired a new position in shares of Atour Lifestyle in the 4th quarter valued at approximately $85,000. Morgan Stanley purchased a new stake in Atour Lifestyle in the 4th quarter worth about $294,000. Penserra Capital Management LLC acquired a new position in shares of Atour Lifestyle during the 1st quarter valued at about $430,000. WT Asset Management Ltd acquired a new stake in Atour Lifestyle in the 1st quarter valued at approximately $1,119,000. Finally, Deutsche Bank AG bought a new position in shares of Atour Lifestyle during the 4th quarter worth approximately $791,000.

Atour Lifestyle Company Profile

(Get Rating)

Atour Lifestyle Holdings Limited, through its subsidiaries, operates a chain of hotels in 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. As of June 30, 2022, its hotel network covered 834 hotels spanning 151 cities in China, with a total of 96,969 hotel rooms, including 801 manachised hotels with a total of 91,911 manachised hotel rooms, as well as a pipeline of 343 hotels with a total of 37,795 rooms under development.

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