854,637 Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Acquired by M&G PLC

M&G PLC increased its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 18.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,421,761 shares of the company's stock after buying an additional 854,637 shares during the period. M&G PLC owned about 3.94% of Atour Lifestyle worth $178,918,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ATAT. Rockefeller Capital Management L.P. purchased a new position in shares of Atour Lifestyle during the fourth quarter valued at about $26,000. Fortitude Family Office LLC bought a new stake in Atour Lifestyle in the third quarter worth $26,000. Hollencrest Capital Management bought a new stake in Atour Lifestyle in the first quarter worth $46,000. Parallel Advisors LLC increased its holdings in shares of Atour Lifestyle by 4,087.8% in the 3rd quarter. Parallel Advisors LLC now owns 1,717 shares of the company's stock worth $56,000 after buying an additional 1,676 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Atour Lifestyle by 1,309.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,804 shares of the company's stock valued at $59,000 after buying an additional 1,676 shares in the last quarter. Hedge funds and other institutional investors own 17.79% of the company's stock.

Atour Lifestyle Stock Down 0.5%

NASDAQ ATAT opened at $35.73 on Tuesday. The company has a 50 day moving average price of $33.01 and a 200 day moving average price of $34.99. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $30.07 and a 52 week high of $43.17. The firm has a market cap of $4.91 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.66.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its earnings results on Thursday, August 20th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $513.74 million for the quarter, compared to the consensus estimate of $484.56 million. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. On average, equities research analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Zacks Research downgraded shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Wall Street Zen raised shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Sunday, September 13th. HSBC assumed coverage on Atour Lifestyle in a report on Wednesday, October 7th. They issued a "buy" rating and a $39.70 target price for the company. Finally, Weiss Ratings raised shares of Atour Lifestyle from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.62.

Atour Lifestyle Profile

Atour Lifestyle Holdings Limited is a China-based hospitality company that operates a network of hotels under brands including Atour, Atour S and Atour Light. Its hotels emphasize comfortable accommodations, service and design inspired by local culture.

The company primarily expands through hotel management and franchise arrangements, working with property owners and operators rather than relying solely on hotels it owns. Its services include hotel operations, reservations and guest experiences.

Atour also sells lifestyle products, including bedding and other sleep-related goods, through its retail business.

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