Greenwoods Asset Management Hong Kong Ltd. Sells 802,736 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Greenwoods Asset Management Hong Kong reduced its Atour Lifestyle position by 31%, selling 802,736 shares in the second quarter. It still held 1.79 million shares worth approximately $56.9 million, representing 2.6% of its portfolio.
• Atour reported quarterly earnings of $0.59 per share, ahead of the $0.57 analyst consensus, while revenue reached $513.7 million versus expectations of $484.6 million.
• Analyst sentiment remains generally positive, with seven Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $48 versus the reported share price of $35.05.

Greenwoods Asset Management Hong Kong Ltd. trimmed its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 31.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,788,400 shares of the company's stock after selling 802,736 shares during the period. Atour Lifestyle comprises approximately 2.6% of Greenwoods Asset Management Hong Kong Ltd.'s holdings, making the stock its 7th largest holding. Greenwoods Asset Management Hong Kong Ltd. owned about 1.30% of Atour Lifestyle worth $56,871,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. bought a new stake in shares of Atour Lifestyle during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Atour Lifestyle by 651.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company's stock valued at $25,000 after acquiring an additional 580 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Atour Lifestyle by 65.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company's stock valued at $32,000 after acquiring an additional 325 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Atour Lifestyle in the fourth quarter valued at about $37,000. Finally, Hollencrest Capital Management acquired a new stake in Atour Lifestyle in the first quarter worth about $46,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Stock Performance

Shares of Atour Lifestyle stock opened at $35.05 on Thursday. The firm has a fifty day moving average of $33.57 and a two-hundred day moving average of $35.41. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.93 and a beta of 0.63. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $30.77 and a 52 week high of $43.17.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%.The company had revenue of $513.74 million for the quarter, compared to the consensus estimate of $484.56 million. As a group, research analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 EPS for the current fiscal year.

Analysts Set New Price Targets

ATAT has been the subject of several recent research reports. Zacks Research cut Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Atour Lifestyle from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Atour Lifestyle currently has an average rating of "Moderate Buy" and an average price target of $48.00.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company's core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source