Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Stock Position Increased by Woodline Partners LP

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 stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 48.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 0.17% of Atour Lifestyle worth $6,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Atour Lifestyle by 1,544.1% during the 1st 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. boosted its position in Atour Lifestyle by 3,189.8% during the 1st 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 Atour Lifestyle during the 1st quarter valued at approximately $68,322,000. Goldman Sachs Group Inc. boosted its position in Atour Lifestyle by 1.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company's stock valued at $40,739,000 after purchasing an additional 14,453 shares during the period. Finally, Sylebra Capital LLC boosted its position in Atour Lifestyle by 12.0% during the 4th quarter. Sylebra Capital LLC now owns 1,245,593 shares of the company's stock valued at $33,494,000 after purchasing 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 1.1%

ATAT stock traded down $0.43 during trading on Thursday, reaching $39.40. 313,686 shares of the company's stock were exchanged, compared to its average volume of 1,321,302. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $20.53 and a 1-year high of $40.39. The company's fifty day moving average price is $36.47 and its 200-day moving average price is $31.64. The firm has a market cap of $5.44 billion, a PE ratio of 28.55, a P/E/G ratio of 1.33 and a beta of 0.83.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%.The company had revenue of $344.49 million during the quarter, compared to analyst estimates of $326.00 million. 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 fiscal year.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ATAT shares. Citigroup restated a "buy" rating and set a $38.00 price objective (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 report on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price 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.