Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Stock: Asset Management One Co. Ltd. Grows Stake

Key Points

• Asset Management One Co. Ltd. increased its Atour Lifestyle stake by 567% in the third quarter, owning 52,777 shares valued at approximately $1.72 million. Institutional investors and hedge funds collectively hold 17.79% of ATAT.
• Atour reported quarterly EPS of $0.59, beating estimates of $0.57, while revenue reached $513.74 million versus the $484.56 million consensus estimate. The company posted a 16.75% net margin and 55% return on equity.
• Analysts remain broadly positive, with eight Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $46.62; ATAT recently opened at $33.82.

Asset Management One Co. Ltd. increased its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 567.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 52,777 shares of the company's stock after acquiring an additional 44,864 shares during the period. Asset Management One Co. Ltd.'s holdings in Atour Lifestyle were worth $1,722,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Rockefeller Capital Management L.P. acquired a new stake in Atour Lifestyle in the 4th quarter worth approximately $26,000. Fortitude Family Office LLC bought a new stake in Atour Lifestyle during the third quarter worth approximately $26,000. Hollencrest Capital Management bought a new stake in Atour Lifestyle during the first quarter worth approximately $46,000. Farther Finance Advisors LLC boosted its position in Atour Lifestyle by 1,309.4% during the third quarter. Farther Finance Advisors LLC now owns 1,804 shares of the company's stock worth $59,000 after purchasing an additional 1,676 shares during the period. Finally, Nykredit A S acquired a new position in Atour Lifestyle during the second quarter valued at approximately $112,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Stock Performance

NASDAQ ATAT opened at $33.82 on Tuesday. Atour Lifestyle Holdings Limited Sponsored ADR has a twelve month low of $30.07 and a twelve month high of $43.17. The stock has a market capitalization of $4.65 billion, a PE ratio of 16.66, a P/E/G ratio of 0.85 and a beta of 0.66. The stock has a 50-day simple moving average of $33.03 and a 200 day simple moving average of $35.04.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its earnings results on Thursday, August 20th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The firm had revenue of $513.74 million for the quarter, compared to analyst estimates of $484.56 million. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%. As a group, equities research analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ATAT shares. Zacks Research lowered shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. HSBC initiated coverage on shares of Atour Lifestyle in a research note on Wednesday, October 7th. They issued a "buy" rating and a $39.70 price objective for the company. Wall Street Zen raised shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a report on Sunday, September 13th. Finally, Weiss Ratings upgraded shares of Atour Lifestyle from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.62.

Atour Lifestyle Profile

Atour Lifestyle Holdings Limited NASDAQ: ATAT is a China-based hospitality and lifestyle company that operates a network of hotel brands and related businesses. Founded in 2013 and headquartered in Shanghai, the company focuses primarily on midscale and upscale hotels in China, serving business and leisure travelers through a combination of directly operated, franchised and managed properties.

Atour's portfolio includes its flagship Atour brand as well as other hotel concepts designed for different customer segments and travel occasions, including Atour S, Atour X and Light.

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