Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its holdings in Atour Lifestyle Holdings Limited by 75% during the first quarter, owning 45,068 shares valued at approximately $1.28 million after selling off over 135,000 shares.
• Several hedge funds have initiated new positions in Atour Lifestyle, with notable acquisitions totaling between $27,000 and $215,000 during the first quarter.
• Atour Lifestyle's stock price recently saw a 4.6% increase, opening at $39.00, and the company reported earnings of $0.42 per share, surpassing analysts' expectations.

Jump Financial LLC trimmed its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 75.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,068 shares of the company's stock after selling 135,341 shares during the quarter. Jump Financial LLC's holdings in Atour Lifestyle were worth $1,278,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. bought a new position in shares of Atour Lifestyle in the first quarter worth approximately $27,000. Summit Securities Group LLC bought a new position in shares of Atour Lifestyle in the first quarter worth approximately $71,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Atour Lifestyle in the first quarter worth $209,000. Pinnacle Associates Ltd. purchased a new position in shares of Atour Lifestyle in the first quarter worth $213,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Atour Lifestyle in the first quarter worth $215,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Price Performance

NASDAQ:ATAT traded up $0.39 during trading hours on Wednesday, hitting $39.02. 277,512 shares of the company were exchanged, compared to its average volume of 1,329,321. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 1.31 and a beta of 0.83. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $18.81 and a 52-week high of $39.84. 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 released its earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $344.49 million for the quarter, compared to the consensus estimate 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. On average, equities analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current year.

Atour Lifestyle declared that its board has initiated 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. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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