Ghisallo Capital Management LLC Trims Stock Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Ghisallo Capital Management LLC has decreased its stake in Atour Lifestyle Holdings Limited by 50%, now holding approximately 100,000 shares valued at $2.83 million.
• Analysts have mixed ratings on Atour Lifestyle, with Wall Street Zen downgrading the stock from a "buy" to a "hold," while Citigroup maintains a "buy" rating and has increased the price target to $38.00.
• Atour Lifestyle reported a net margin of 16.52% for the quarter along with earnings per share of $0.42, exceeding analysts’ expectations of $0.41.

Ghisallo Capital Management LLC lessened its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 50.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the company's stock after selling 100,000 shares during the quarter. Ghisallo Capital Management LLC owned 0.07% of Atour Lifestyle worth $2,835,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ATAT. The Manufacturers Life Insurance Company lifted its position in shares of Atour Lifestyle by 6.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 66,702 shares of the company's stock worth $1,794,000 after purchasing an additional 4,000 shares in the last quarter. Northern Trust Corp lifted its position in shares of Atour Lifestyle by 139.3% in the fourth quarter. Northern Trust Corp now owns 75,476 shares of the company's stock worth $2,030,000 after purchasing an additional 43,931 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Atour Lifestyle in the fourth quarter worth $11,775,000. 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 worth $95,044,000 after buying an additional 269,656 shares during the last quarter. Finally, Caxton Associates LP raised its position in shares of Atour Lifestyle by 296.2% in the fourth quarter. Caxton Associates LP now owns 94,434 shares of the company's stock valued at $2,539,000 after purchasing an additional 70,602 shares during the period. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Trading Up 0.1%

Shares of ATAT stock traded up $0.03 during trading hours on Friday, hitting $38.93. 694,359 shares of the company were exchanged, compared to its average volume of 1,329,485. The firm has a fifty day simple moving average of $35.44 and a 200 day simple moving average of $31.09. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $18.95 and a 52-week high of $39.84. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 1.31 and a beta of 0.83.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. The firm had revenue of $344.49 million during the quarter, compared to analyst estimates of $326.00 million. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. Atour Lifestyle has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Atour Lifestyle declared that its Board of Directors has approved a share repurchase plan on Thursday, May 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

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

Atour Lifestyle 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.