AIA Group Ltd Acquires 40,611 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• AIA Group increased its Atour Lifestyle stake by 18% in the third quarter, adding 40,611 shares to hold 266,078 shares, worth about $8.68 million at quarter-end.
• Institutional investors own 17.79% of Atour’s shares. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $46.62.
• Atour reported quarterly EPS of $0.59, topping the $0.57 consensus, and revenue of $513.74 million versus an estimate of $484.56 million.

AIA Group Ltd increased its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 18.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 266,078 shares of the company's stock after buying an additional 40,611 shares during the period. AIA Group Ltd owned about 0.19% of Atour Lifestyle worth $8,679,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Atour Lifestyle during the second quarter worth $1,022,000. Wellington Management Group LLP increased its holdings in Atour Lifestyle by 116.8% in the second quarter. Wellington Management Group LLP now owns 348,174 shares of the company's stock valued at $11,072,000 after purchasing an additional 187,608 shares during the period. Matthews International Capital Management LLC increased its holdings in Atour Lifestyle by 33.8% in the first quarter. Matthews International Capital Management LLC now owns 219,378 shares of the company's stock valued at $8,075,000 after purchasing an additional 55,389 shares during the period. Temasek Holdings Private Ltd bought a new position in Atour Lifestyle during the 1st quarter worth $2,880,000. Finally, CI Investments Inc. bought a new position in Atour Lifestyle during the 1st quarter worth $14,028,000. 17.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Atour Lifestyle Trading Down 1.2%

Shares of Atour Lifestyle stock opened at $33.42 on Wednesday. The business has a 50-day moving average price of $33.00 and a two-hundred day moving average price of $35.02. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $30.07 and a 1-year high of $43.17. The company has a market cap of $4.59 billion, a P/E ratio of 16.46, a PEG ratio of 0.95 and a beta of 0.66.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 55.00% and a net margin of 16.75%. Equities research analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.16 EPS for the current fiscal year.

Atour Lifestyle Profile

Atour Lifestyle Holdings Limited NASDAQ: ATAT is a China-based hospitality and lifestyle company that operates a network of hotel brands and related businesses. Founded in 2013 and headquartered in Shanghai, the company focuses primarily on midscale and upscale hotels in China, serving business and leisure travelers through a combination of directly operated, franchised and managed properties.

Atour's portfolio includes its flagship Atour brand as well as other hotel concepts designed for different customer segments and travel occasions, including Atour S, Atour X and Light.

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