Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Purchased by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board significantly increased its stake in Atour Lifestyle Holdings by over 21 million percent, owning 0.31% worth approximately $12 million after acquiring additional shares.
• Atour Lifestyle reported a quarterly EPS of $0.42, exceeding analysts' expectations, with revenues reaching $344.49 million, above the estimated $326 million.
• Analysts have mixed views on the stock, with Citigroup maintaining a "buy" rating and raising the price target to $38, while other analysts downgraded it from "buy" to "hold."

Canada Pension Plan Investment Board boosted its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 21,162,600.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 423,254 shares of the company's stock after buying an additional 423,252 shares during the period. Canada Pension Plan Investment Board owned 0.31% of Atour Lifestyle worth $11,999,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ATAT. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of 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 worth $195,206,000 after acquiring an additional 6,466,787 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Atour Lifestyle by 3,189.8% in 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 last quarter. Principal Financial Group Inc. acquired a new position in Atour Lifestyle in the 1st quarter valued at about $68,322,000. OLP CAPITAL MANAGEMENT Ltd grew its stake in shares of Atour Lifestyle by 17.1% in the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock valued at $193,672,000 after buying an additional 1,052,822 shares during the period. Finally, Walleye Capital LLC increased its holdings in shares of Atour Lifestyle by 400.8% during the 1st quarter. Walleye Capital LLC now owns 897,429 shares of the company's stock worth $25,442,000 after buying an additional 718,240 shares during the last quarter. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Stock Down 0.2%

Shares of NASDAQ ATAT opened at $38.92 on Tuesday. The business's 50 day moving average is $35.05 and its two-hundred day moving average is $30.93. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $17.40 and a 52-week high of $39.84. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 1.31 and a beta of 0.82.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.42 EPS for the quarter, topping 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 analyst estimates of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. Analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Atour Lifestyle declared that its board has authorized a stock repurchase 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 generally an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently commented on ATAT shares. Wall Street Zen lowered Atour Lifestyle from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Citigroup reaffirmed a "buy" rating and issued a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Atour Lifestyle presently has an average rating of "Buy" and a consensus 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.

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