Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Stock Holdings Trimmed by Matthews International Capital Management LLC

Key Points

• Matthews International Capital Management LLC has decreased its holdings in Atour Lifestyle Holdings Limited by 10.3%, now owning 196,750 shares valued at approximately $6.4 million.
• Atour Lifestyle shares are currently priced at $36.04, reflecting a 1.6% decline and showcasing a 52-week range between $21.50 and $40.39.
• Analysts generally have a "Buy" consensus rating for Atour Lifestyle, with a target price average of $38.90.

Matthews International Capital Management LLC reduced its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 10.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,750 shares of the company's stock after selling 22,594 shares during the quarter. Atour Lifestyle makes up about 1.5% of Matthews International Capital Management LLC's investment portfolio, making the stock its 20th biggest holding. Matthews International Capital Management LLC owned approximately 0.14% of Atour Lifestyle worth $6,396,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlas Capital Advisors Inc. bought a new stake in Atour Lifestyle in the first quarter valued at about $27,000. Summit Securities Group LLC bought a new stake in Atour Lifestyle in the first quarter valued at about $71,000. Robeco Institutional Asset Management B.V. bought a new stake in Atour Lifestyle in the first quarter valued at about $209,000. Pinnacle Associates Ltd. bought a new stake in Atour Lifestyle in the first quarter valued at about $213,000. Finally, Bank of New York Mellon Corp bought a new stake in Atour Lifestyle in the first quarter valued at about $215,000. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Stock Down 1.6%

Shares of ATAT stock opened at $36.04 on Friday. The business has a 50 day moving average of $36.99 and a two-hundred day moving average of $32.29. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $21.50 and a 52 week high of $40.39. The company has a market cap of $4.98 billion, a P/E ratio of 26.12, a PEG ratio of 1.23 and a beta of 0.79.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $344.49 million during the quarter, compared to the consensus estimate 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. Analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ATAT has been the subject of several research analyst reports. Wall Street Zen raised Atour Lifestyle from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Weiss Ratings restated a "buy (b-)" rating on shares of Atour Lifestyle in a research note on Saturday, September 27th. Finally, Jefferies Financial Group began coverage on Atour Lifestyle in a research note on Monday. They issued a "buy" rating and a $48.00 target price for the company. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Atour Lifestyle currently has a consensus rating of "Buy" and an average price target of $38.90.

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.

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