Causeway Capital Management LLC Raises Stock Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Causeway Capital Management LLC has significantly increased its stake in Atour Lifestyle Holdings Limited by 231.7%, now owning approximately 0.47% of the company worth $18.2 million.
• Analysts maintain a positive outlook on Atour Lifestyle, with Citigroup upgrading its price target to $38.00 and a consensus rating of "Buy" among multiple analysts.
• Atour Lifestyle recently reported earnings of $0.42 EPS, slightly above analyst estimates, and has set a stock repurchase plan indicating confidence in its valuation.

Causeway Capital Management LLC increased its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 231.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 642,536 shares of the company's stock after purchasing an additional 448,854 shares during the quarter. Causeway Capital Management LLC owned approximately 0.47% of Atour Lifestyle worth $18,216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Atlas Capital Advisors Inc. acquired a new position in shares of Atour Lifestyle in the first quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new stake in Atour Lifestyle in the 1st quarter worth approximately $71,000. AdvisorShares Investments LLC purchased a new position in shares of Atour Lifestyle during the 4th quarter worth $188,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Atour Lifestyle in the first quarter valued at $209,000. Finally, Pinnacle Associates Ltd. acquired a new position in Atour Lifestyle in the first quarter valued at $213,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Atour Lifestyle Price Performance

NASDAQ:ATAT opened at $35.10 on Tuesday. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $16.17 and a 12 month high of $37.46. The business's 50-day moving average is $34.31 and its two-hundred day moving average is $30.61. The firm has a market capitalization of $4.85 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.05 and a beta of 0.82.

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, beating analysts' consensus estimates of $0.41 by $0.01. Atour Lifestyle had a return on equity of 43.91% and a net margin of 16.39%. Atour Lifestyle has set its FY 2025 guidance at EPS. Equities analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Atour Lifestyle announced that its board has initiated a stock repurchase plan on Thursday, May 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors 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.

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