HighTower Advisors LLC grew its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 79.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,173 shares of the company's stock after buying an additional 15,146 shares during the quarter. HighTower Advisors LLC's holdings in Atour Lifestyle were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. acquired a new position in Atour Lifestyle during the 1st quarter worth $809,000. Principal Financial Group Inc. acquired a new position in Atour Lifestyle during the 1st quarter worth $68,322,000. Northern Trust Corp grew its stake in Atour Lifestyle by 139.3% during the 4th quarter. Northern Trust Corp now owns 75,476 shares of the company's stock worth $2,030,000 after purchasing an additional 43,931 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Atour Lifestyle during the 1st quarter worth $1,030,000. Finally, Deutsche Bank AG acquired a new position in Atour Lifestyle during the 4th quarter worth $235,000. 17.79% of the stock is owned by institutional investors and hedge funds.
Atour Lifestyle Trading Down 0.7%
Shares of Atour Lifestyle stock traded down $0.29 on Tuesday, hitting $38.63. The stock had a trading volume of 1,353,195 shares, compared to its average volume of 1,307,687. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $18.81 and a 52-week high of $39.84. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 1.31 and a beta of 0.83. The company's 50 day moving average price is $35.17 and its 200 day moving average price is $30.98.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%.The business had revenue of $344.49 million during the quarter, compared to the consensus estimate of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. Analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.
Atour Lifestyle announced that its board has authorized a stock buyback plan on Thursday, May 22nd that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Citigroup reissued a "buy" rating and set a $38.00 target price (up from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Wall Street Zen downgraded Atour Lifestyle from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Atour Lifestyle has a consensus rating of "Buy" and an average target price of $36.63.
Read Our Latest Report on ATAT
About Atour Lifestyle
(
Free Report)
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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