Woodline Partners LP Has $6.79 Million Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Woodline Partners LP increased its holdings in Atour Lifestyle Holdings by 48.6%, owning 239,547 shares valued at approximately $6.79 million as of the latest SEC filing.
• Atour Lifestyle reported a $0.42 EPS for the quarter, beating the expected $0.41, alongside a revenue of $344.49 million, exceeding the $326 million forecast.
• Analysts have shown a positive outlook, with Citigroup upgrading its target price to $38.00 and maintaining a "buy" rating on Atour Lifestyle's shares.

Woodline Partners LP boosted its position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 48.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 239,547 shares of the company's stock after purchasing an additional 78,303 shares during the quarter. Woodline Partners LP owned 0.17% of Atour Lifestyle worth $6,791,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Atour Lifestyle by 1,544.1% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company's stock valued at $195,206,000 after purchasing an additional 6,466,787 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Atour Lifestyle by 3,189.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock valued at $73,227,000 after purchasing an additional 2,504,461 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Atour Lifestyle in the first quarter valued at approximately $68,322,000. Goldman Sachs Group Inc. boosted its holdings in shares of Atour Lifestyle by 1.0% in 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 period. Finally, Sylebra Capital LLC boosted its holdings in shares of Atour Lifestyle by 12.0% in the fourth quarter. Sylebra Capital LLC now owns 1,245,593 shares of the company's stock valued at $33,494,000 after buying an additional 133,869 shares during the period. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Stock Down 0.6%

Shares of ATAT stock traded down $0.25 during trading on Tuesday, reaching $39.50. The company's stock had a trading volume of 684,913 shares, compared to its average volume of 1,325,777. The business has a fifty day moving average price of $36.31 and a 200-day moving average price of $31.53. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 1.33 and a beta of 0.82. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $19.85 and a one year high of $40.39.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings results 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. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. The firm had revenue of $344.49 million for the quarter, compared to analyst estimates of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. Research analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Atour Lifestyle announced that its board has initiated a stock buyback program on Thursday, May 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Citigroup reiterated a "buy" rating and issued a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $36.63.

Atour Lifestyle Profile

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.