Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Stock Position Lowered by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its stake in Atour Lifestyle by 9.0%, selling 135,143 shares, and now holds 1,371,933 shares valued at approximately $38.88 million.
• Atour Lifestyle's quarterly earnings report revealed an earnings per share (EPS) of $0.42, exceeding estimates, with revenue of $344.49 million, against a consensus estimate of $326.00 million.
• A recent share repurchase plan has been implemented by Atour Lifestyle's Board of Directors, indicating potential confidence in the stock's value.

Acadian Asset Management LLC cut its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,371,933 shares of the company's stock after selling 135,143 shares during the period. Acadian Asset Management LLC owned 0.99% of Atour Lifestyle worth $38,883,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Woodline Partners LP boosted its stake in Atour Lifestyle by 48.6% in the 1st quarter. Woodline Partners LP now owns 239,547 shares of the company's stock worth $6,791,000 after purchasing an additional 78,303 shares during the period. Caxton Associates LLP purchased a new stake in Atour Lifestyle in the first quarter worth about $658,000. Goldman Sachs Group Inc. boosted its stake in Atour Lifestyle by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company's stock valued at $40,739,000 after buying an additional 14,453 shares during the last quarter. Think Investments LP lifted its stake in shares of Atour Lifestyle by 264.1% in the 1st quarter. Think Investments LP now owns 695,487 shares of the company's stock valued at $19,717,000 after purchasing an additional 504,487 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Atour Lifestyle by 4.4% during the 1st quarter. Millennium Management LLC now owns 921,837 shares of the company's stock worth $26,134,000 after purchasing an additional 38,565 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup reaffirmed a "buy" rating and set a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen upgraded 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, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $36.63.

Atour Lifestyle Stock Performance

NASDAQ:ATAT traded down $0.32 during mid-day trading on Friday, reaching $39.67. The stock had a trading volume of 686,264 shares, compared to its average volume of 1,440,916. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 1.34 and a beta of 0.83. Atour Lifestyle Holdings Limited Sponsored ADR has a twelve month low of $19.54 and a twelve month high of $40.37. The business has a 50 day simple moving average of $36.22 and a 200 day simple moving average of $31.45.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $344.49 million during the quarter, compared to the consensus estimate of $326.00 million. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%. Atour Lifestyle has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current year.

Atour Lifestyle declared that its Board of Directors has approved a share repurchase program on Thursday, May 22nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

About Atour Lifestyle

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.