Hhlr Advisors LTD. Acquires Shares of 242,342 Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Hhlr Advisors LTD. has acquired a new position in Atour Lifestyle Holdings Limited, purchasing 242,342 shares valued at approximately $6.87 million, making it the fund's 23rd largest holding.
• Citigroup has reissued a "buy" rating for Atour Lifestyle with a price target increase to $38.00, while Wall Street Zen has downgraded the stock from "buy" to "hold."
• Atour Lifestyle reported quarterly earnings exceeding expectations, with revenue of $344.49 million, marking a significant increase from the consensus estimate of $326 million.

Hhlr Advisors LTD. purchased a new position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 242,342 shares of the company's stock, valued at approximately $6,870,000. Atour Lifestyle makes up about 0.2% of Hhlr Advisors LTD.'s investment portfolio, making the stock its 23rd largest position. Hhlr Advisors LTD. owned 0.18% of Atour Lifestyle at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Atour Lifestyle by 1,544.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company's stock worth $195,206,000 after acquiring an additional 6,466,787 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Atour Lifestyle by 3,189.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock valued at $73,227,000 after acquiring an additional 2,504,461 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Atour Lifestyle in the 1st quarter valued at approximately $68,322,000. OLP CAPITAL MANAGEMENT Ltd boosted its stake in Atour Lifestyle by 17.1% in the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock worth $193,672,000 after purchasing an additional 1,052,822 shares in the last quarter. Finally, Walleye Capital LLC grew its position in Atour Lifestyle by 400.8% during the 1st quarter. Walleye Capital LLC now owns 897,429 shares of the company's stock worth $25,442,000 after purchasing an additional 718,240 shares during the last quarter. 17.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATAT has been the subject of a number of research analyst reports. Citigroup restated a "buy" rating and issued a $38.00 target price (up previously from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Wall Street Zen lowered 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, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $36.63.

Atour Lifestyle Stock Down 0.4%

Shares of ATAT traded down $0.14 during mid-day trading on Thursday, reaching $38.90. The company had a trading volume of 1,161,367 shares, compared to its average volume of 1,333,988. The stock has a market capitalization of $5.38 billion, a P/E ratio of 28.19, a PEG ratio of 1.31 and a beta of 0.83. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $18.81 and a 52-week high of $39.84. The stock has a 50 day moving average of $35.31 and a two-hundred day moving average of $31.04.

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 company had revenue of $344.49 million during the quarter, compared to the consensus estimate of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current year.

Atour Lifestyle announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 22nd that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's management 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.