Atour Lifestyle Holdings Shares Rise 5.11% on June 24 Amid Analyst Estimates

Shares of Atour Lifestyle Holdings Ltd (ATAT) surged 5.11% on June 24, reaching an intraday high of $33.00 and settling at $32.70. Analysts forecast an average target price of $37.30, with a high estimate of $41.27 and a low estimate of $22.03. The average target implies an upside of 14.08% from the current price. GuruFocus estimates a GF Value of $45.50, suggesting a 39.14% upside from the current price.

Shares of Atour Lifestyle Holdings Ltd (ATAT) surged 5.11% on June 24, reaching an intraday high of $33.00 and settling at $32.70. Analysts forecast an average target price of $37.30, with a high estimate of $41.27 and a low estimate of $22.03. The average target price implies an upside of 14.08% from the current price.

GuruFocus estimates a GF Value of $45.50, suggesting a 39.14% upside from the current price. This significant increase in value is driven by positive analyst forecasts and the recent surge in stock price.

The stock's performance can also be attributed to the recent purchase of 300,000 shares by Alexander Hansson, Non-Executive Vice Chairman and Board member of Nordic American Tankers Ltd (NAT) [1]. The purchase, made at a price of $2.72 per share, increased Hansson's total holdings to 5,050,000 shares. Following this transaction, the Hansson family now owns a total of 9,900,000 shares, making them the largest private shareholder group in the company.

Additionally, the stock's performance may be influenced by the recent hedge fund activity. As of the latest quarter, 101 institutional investors added shares of ATAT to their portfolio, while 112 decreased their positions [2]. The largest recent moves include Allspring Global Investments Holdings, LLC removing 3,283,065 shares from their portfolio, and Mirae Asset Global ETFS Holdings Ltd. adding 1,648,496 shares to their portfolio.

The positive analyst forecasts and recent stock price performance indicate a strong outlook for ATAT. Investors should closely monitor the company's developments and the market's response to the recent surge in stock price.

References:
[1] https://www.nasdaq.com/articles/nordic-american-tankers-ltd-executive-acquires-300000-shares-strengthening-family-stake
[2] https://www.gurufocus.com/guru-portfolio/Global%20Emerging%20Markets%20Account/ATAT