Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Holdings Trimmed by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in **Atour Lifestyle Holdings Limited** by **72.5%**, ending the quarter with 6,200 shares valued at **$202,000**.
• Despite the decrease in holdings by some investors, **GAM Holding AG** increased its stake by **9.5%**, and other institutions also added or acquired new stakes in the company, leading to **17.79%** of the stock currently owned by institutional investors.
• Wall Street analysts have a positive outlook for Atour Lifestyle, with upgrades to a **"buy"** rating and an average target price of **$38.90** from six analysts.

Public Employees Retirement System of Ohio cut its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 72.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,200 shares of the company's stock after selling 16,361 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Atour Lifestyle were worth $202,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ATAT. GAM Holding AG lifted its stake in Atour Lifestyle by 9.5% in the first quarter. GAM Holding AG now owns 92,000 shares of the company's stock valued at $2,608,000 after acquiring an additional 8,000 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Atour Lifestyle in the first quarter valued at approximately $1,030,000. Robeco Institutional Asset Management B.V. acquired a new stake in Atour Lifestyle in the first quarter valued at approximately $209,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Atour Lifestyle by 3,189.8% in 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 acquiring an additional 2,504,461 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Atour Lifestyle in the first quarter valued at approximately $809,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATAT has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Atour Lifestyle in a research note on Saturday, September 27th. Finally, Jefferies Financial Group assumed coverage on shares of Atour Lifestyle in a research note on Monday, September 29th. They issued a "buy" rating and a $48.00 price objective for the company. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, Atour Lifestyle presently has an average rating of "Buy" and an average target price of $38.90.

Atour Lifestyle Price Performance

NASDAQ:ATAT opened at $36.18 on Tuesday. The stock has a market cap of $5.00 billion, a P/E ratio of 26.22, a PEG ratio of 1.21 and a beta of 0.79. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $21.50 and a one year high of $40.39. The company has a fifty day moving average price of $37.00 and a 200 day moving average price of $32.35.

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

Atour Lifestyle Company 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.

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