Capital Fund Management S.A. Sells 24,261 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Capital Fund Management S.A. has reduced its stake in Atour Lifestyle Holdings by 28.3%, owning a total of 61,394 shares valued at approximately $1.74 million as of the latest SEC filing.
• Several other institutional investors have recently adjusted their positions in Atour Lifestyle, with HSBC Holdings increasing its stake by 300.3% and Wellington Management raising its stake by 14.5% during the first quarter.
• Wall Street analysts have mixed ratings on Atour Lifestyle, with Citigroup maintaining a "buy" rating and setting a target price of $38.00, while Wall Street Zen downgraded it from "buy" to "hold."

Capital Fund Management S.A. lowered its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 28.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 61,394 shares of the company's stock after selling 24,261 shares during the quarter. Capital Fund Management S.A.'s holdings in Atour Lifestyle were worth $1,741,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. OLP CAPITAL MANAGEMENT Ltd increased its position in shares of Atour Lifestyle by 17.1% during the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock valued at $193,672,000 after purchasing an additional 1,052,822 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in Atour Lifestyle by 1,544.1% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company's stock valued at $195,206,000 after acquiring an additional 6,466,787 shares during the last quarter. Bank of America Corp DE increased its position in Atour Lifestyle by 8.3% during the fourth quarter. Bank of America Corp DE now owns 3,534,543 shares of the company's stock valued at $95,044,000 after acquiring an additional 269,656 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Atour Lifestyle by 3,189.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock worth $73,227,000 after purchasing an additional 2,504,461 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of Atour Lifestyle during the 1st quarter worth about $68,322,000. Institutional investors own 17.79% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ATAT shares. Wall Street Zen cut shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Citigroup reaffirmed a "buy" rating and set a $38.00 target price (up previously from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $36.63.

Atour Lifestyle Trading Down 0.2%

Shares of NASDAQ ATAT traded down $0.08 during trading hours on Friday, reaching $38.92. The stock had a trading volume of 2,174,161 shares, compared to its average volume of 1,357,106. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 1.31 and a beta of 0.82. The business's fifty day moving average price is $34.89 and its two-hundred day moving average price is $30.87. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $17.40 and a 52-week high of $39.84.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly 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. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%.The firm had revenue of $344.49 million during the quarter, compared to analyst estimates of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.

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