Acadian Asset Management LLC lessened its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,371,933 shares of the company's stock after selling 135,143 shares during the quarter. Acadian Asset Management LLC owned about 0.99% of Atour Lifestyle worth $38,883,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Atlas Capital Advisors Inc. bought a new stake in Atour Lifestyle in the 1st quarter worth approximately $27,000. Leading Securities Co Ltd lifted its position in Atour Lifestyle by 2.2% in the 1st quarter. Leading Securities Co Ltd now owns 53,226 shares of the company's stock worth $1,509,000 after buying an additional 1,137 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Atour Lifestyle by 3.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 53,827 shares of the company's stock worth $1,526,000 after buying an additional 1,549 shares during the last quarter. Summit Securities Group LLC bought a new stake in Atour Lifestyle in the 1st quarter worth approximately $71,000. Finally, Deutsche Bank AG lifted its position in Atour Lifestyle by 31.0% in the 1st quarter. Deutsche Bank AG now owns 11,438 shares of the company's stock worth $324,000 after buying an additional 2,708 shares during the last quarter. Institutional investors own 17.79% of the company's stock.
Atour Lifestyle Stock Down 0.8%
Shares of ATAT traded down $0.33 during mid-day trading on Tuesday, hitting $39.42. 418,732 shares of the company's stock traded hands, compared to its average volume of 1,324,211. Atour Lifestyle Holdings Limited Sponsored ADR has a 1 year low of $19.85 and a 1 year high of $40.39. The firm has a market capitalization of $5.45 billion, a P/E ratio of 28.56, a PEG ratio of 1.33 and a beta of 0.82. The business's 50-day moving average price is $36.31 and its 200-day moving average price is $31.53.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%.The firm had revenue of $344.49 million for the quarter, compared to analysts' expectations of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.
Atour Lifestyle announced that its board has approved a stock buyback program on Thursday, May 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.
Analyst Ratings Changes
ATAT has been the subject of a number of recent research reports. Citigroup restated a "buy" rating and issued a $38.00 target price (up previously from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen raised Atour Lifestyle from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $36.63.
Check Out Our Latest Stock Analysis on ATAT
Atour Lifestyle Profile
(
Free Report)
Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People's Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.
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