23,202 Shares in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired a new stake in Atour Lifestyle Holdings, purchasing 23,202 shares valued at approximately $658,000.
• Atour Lifestyle reported a quarterly EPS of $0.42, exceeding expectations, with a net margin of 16.52% and revenue of $344.49 million.
• Institutional investors now hold 17.79% of Atour Lifestyle's shares, with several firms, including Goldman Sachs and Think Investments, increasing their stakes in the company.

Caxton Associates LLP purchased a new stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,202 shares of the company's stock, valued at approximately $658,000.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. bought a new stake in Atour Lifestyle in the first quarter valued at $809,000. Principal Financial Group Inc. purchased a new stake in shares of Atour Lifestyle in the 1st quarter worth about $68,322,000. The Manufacturers Life Insurance Company boosted its stake in shares of Atour Lifestyle by 867.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 645,399 shares of the company's stock valued at $18,297,000 after purchasing an additional 578,697 shares in the last quarter. Northern Trust Corp increased its position in shares of Atour Lifestyle by 139.3% during the fourth quarter. Northern Trust Corp now owns 75,476 shares of the company's stock valued at $2,030,000 after buying an additional 43,931 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Atour Lifestyle in the first quarter worth about $1,030,000. Institutional investors own 17.79% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on ATAT shares. Citigroup reaffirmed a "buy" rating and set a $38.00 price objective (up from $36.50) on shares of Atour Lifestyle in a research 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Atour Lifestyle presently has a consensus rating of "Buy" and a consensus price target of $36.63.

Atour Lifestyle Trading Up 1.0%

NASDAQ:ATAT traded up $0.41 on Wednesday, reaching $39.91. 447,777 shares of the stock traded hands, compared to its average volume of 1,320,486. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $20.04 and a 12 month high of $40.39. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.34 and a beta of 0.83. The company's fifty day simple moving average is $36.39 and its 200 day simple moving average is $31.58.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its earnings results on Tuesday, August 26th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%.The business had revenue of $344.49 million for the quarter, compared to the consensus estimate of $326.00 million. 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 fiscal year.

Atour Lifestyle announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership 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.