Hsbc Holdings PLC Has $1.67 Million Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Hsbc Holdings PLC increased its stake in Atour Lifestyle Holdings by 300.3%, acquiring an additional 44,010 shares, bringing its total holdings to 58,664 shares valued at approximately $1.67 million.
• Atour Lifestyle's stock, trading at $39.00, has shown strong performance with a 52-week range of $17.40 to $39.37 and a recent earnings per share of $0.42, exceeding analysts' expectations.
• Research analysts have varied ratings for Atour Lifestyle, with Wall Street Zen downgrading it from "buy" to "hold," while Citigroup maintains a "buy" rating with an increased price target of $38.00.

Hsbc Holdings PLC boosted its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 300.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,664 shares of the company's stock after buying an additional 44,010 shares during the quarter. Hsbc Holdings PLC's holdings in Atour Lifestyle were worth $1,673,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. acquired a new position in Atour Lifestyle in the first quarter worth approximately $809,000. Principal Financial Group Inc. acquired a new position in Atour Lifestyle in the first quarter worth approximately $68,322,000. Northern Trust Corp grew its position in 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 buying an additional 43,931 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Atour Lifestyle in the first quarter worth approximately $1,030,000. Finally, BRIGHT VALLEY CAPITAL Ltd purchased a new position in Atour Lifestyle during the 1st quarter worth approximately $8,505,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Stock Performance

Shares of NASDAQ ATAT traded down $0.08 during mid-day trading on Monday, reaching $38.92. The company had a trading volume of 2,174,161 shares, compared to its average volume of 1,357,106. Atour Lifestyle Holdings Limited Sponsored ADR has a twelve month low of $17.40 and a twelve month high of $39.84. The stock has a market capitalization of $5.38 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 1.31 and a beta of 0.82. The stock's 50 day moving average is $34.89 and its 200-day moving average is $30.87.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly 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. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. 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. On average, sell-side 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 allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Citigroup reiterated 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 cut shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $36.63.

About Atour Lifestyle

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.