Sylebra Capital LLC Sells 233,219 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Sylebra Capital LLC has decreased its holdings in Atour Lifestyle Holdings by 30.8%, now owning approximately 0.7% of the company.
• Multiple hedge funds, including Sumitomo Mitsui Trust Group Inc. and Principal Financial Group Inc., have increased their positions in Atour Lifestyle, indicating growing institutional interest.
• Atour Lifestyle's stock has received a consensus rating of "Buy" from analysts, with a new price objective set at $38.00, up from $36.50.

Sylebra Capital LLC lessened its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 30.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 525,026 shares of the company's stock after selling 233,219 shares during the period. Atour Lifestyle makes up approximately 0.7% of Sylebra Capital LLC's holdings, making the stock its 20th largest position. Sylebra Capital LLC owned 0.38% of Atour Lifestyle worth $14,884,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd raised its position in Atour Lifestyle by 1,544.1% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company's stock valued at $195,206,000 after purchasing an additional 6,466,787 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 buying an additional 2,504,461 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Atour Lifestyle during the first quarter worth $68,322,000. OLP CAPITAL MANAGEMENT Ltd grew its stake in shares of Atour Lifestyle by 17.1% during the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock worth $193,672,000 after purchasing an additional 1,052,822 shares during the period. Finally, Walleye Capital LLC grew its stake in shares of Atour Lifestyle by 400.8% during the first quarter. Walleye Capital LLC now owns 897,429 shares of the company's stock worth $25,442,000 after purchasing an additional 718,240 shares during the period. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Trading Down 0.3%

Shares of NASDAQ ATAT traded down $0.11 during midday trading on Friday, reaching $39.88. 327,438 shares of the stock were exchanged, compared to its average volume of 1,330,793. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $19.54 and a 52-week high of $40.37. The stock has a 50 day moving average price of $36.11 and a 200-day moving average price of $31.38. The company has a market capitalization of $5.51 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.32 and a beta of 0.83.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) 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 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, analysts forecast 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 authorized a stock buyback plan on Thursday, May 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ATAT. Citigroup reaffirmed a "buy" rating and set a $38.00 price objective (up from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Wall Street Zen raised Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Atour Lifestyle presently has an average rating of "Buy" and an average price target of $36.63.

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.