Sylebra Capital LLC Has $14.88 Million Position in 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 cut its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 30.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 525,026 shares of the company's stock after selling 233,219 shares during the period. Atour Lifestyle comprises approximately 0.7% of Sylebra Capital LLC's holdings, making the stock its 20th largest holding. Sylebra Capital LLC owned approximately 0.38% of Atour Lifestyle worth $14,884,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ATAT. Sumitomo Mitsui Trust Group Inc. acquired a new position in Atour Lifestyle in the first quarter worth $809,000. Principal Financial Group Inc. acquired a new position in Atour Lifestyle during the 1st quarter worth about $68,322,000. The Manufacturers Life Insurance Company grew its holdings in Atour Lifestyle by 867.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 645,399 shares of the company's stock worth $18,297,000 after acquiring an additional 578,697 shares during the last quarter. Northern Trust Corp increased its position in Atour Lifestyle by 139.3% in the 4th quarter. Northern Trust Corp now owns 75,476 shares of the company's stock valued at $2,030,000 after acquiring an additional 43,931 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Atour Lifestyle in the first quarter worth about $1,030,000. Institutional investors own 17.79% of the company's stock.

Analyst Upgrades and Downgrades

ATAT has been the subject of a number of research reports. Citigroup reissued a "buy" rating and issued a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Wall Street Zen raised Atour Lifestyle from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Atour Lifestyle presently has an average rating of "Buy" and an average price target of $36.63.

Atour Lifestyle Stock Down 2.0%

NASDAQ ATAT traded down $0.79 on Wednesday, reaching $39.19. The company had a trading volume of 1,047,358 shares, compared to its average volume of 1,418,408. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $19.53 and a 52 week high of $40.37. The stock's 50 day moving average is $35.86 and its 200-day moving average is $31.25. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 1.34 and a beta of 0.83.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The company 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, analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Atour Lifestyle announced that its board has authorized a stock buyback program on Thursday, May 22nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Atour Lifestyle Company 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.