Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Purchased by Leading Securities Co Ltd

Key Points

• Leading Securities Co Ltd increased its stake in Atour Lifestyle Holdings by 134.1% in Q2, making it the largest holding in its portfolio with 124,594 shares worth approximately $4.05 million.
• Atour Lifestyle's stock received multiple upgrades from analysts, with a consensus rating of "Buy" and a target price of $38.90.
• The company reported a quarterly earnings per share of $0.42, exceeding analysts' expectations of $0.41, and achieved $344.49 million in revenue.

Leading Securities Co Ltd increased its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 134.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 124,594 shares of the company's stock after purchasing an additional 71,368 shares during the period. Atour Lifestyle comprises about 58.0% of Leading Securities Co Ltd's investment portfolio, making the stock its biggest holding. Leading Securities Co Ltd owned 0.09% of Atour Lifestyle worth $4,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. purchased a new stake in Atour Lifestyle in the 1st quarter worth approximately $27,000. Summit Securities Group LLC acquired a new stake in shares of Atour Lifestyle in the 1st quarter valued at $71,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Atour Lifestyle in the 1st quarter valued at $209,000. Pinnacle Associates Ltd. acquired a new stake in shares of Atour Lifestyle in the 1st quarter valued at $213,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Atour Lifestyle in the 1st quarter valued at $215,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. 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. Wall Street Zen upgraded shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th. Six 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 a consensus target price of $38.90.

Atour Lifestyle Stock Performance

Shares of NASDAQ:ATAT opened at $35.34 on Tuesday. The company's 50-day moving average is $37.12 and its 200 day moving average is $32.58. Atour Lifestyle Holdings Limited Sponsored ADR has a fifty-two week low of $21.50 and a fifty-two week high of $40.39. The company has a market capitalization of $4.88 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 1.17 and a beta of 0.79.

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

About Atour Lifestyle

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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