Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Bought by Hsbc Holdings PLC

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 lifted its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 300.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,664 shares of the company's stock after purchasing 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.

A number of other institutional investors have also recently made changes to their positions in the business. OLP CAPITAL MANAGEMENT Ltd boosted its position in shares of 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. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Atour Lifestyle by 1,544.1% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company's stock worth $195,206,000 after purchasing an additional 6,466,787 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Atour Lifestyle by 8.3% in the 4th quarter. Bank of America Corp DE now owns 3,534,543 shares of the company's stock worth $95,044,000 after purchasing an additional 269,656 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Atour Lifestyle by 3,189.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock worth $73,227,000 after purchasing an additional 2,504,461 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Atour Lifestyle in the 1st quarter worth $68,322,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ATAT. Citigroup reissued a "buy" rating and issued a $38.00 price objective (up previously from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen downgraded Atour Lifestyle from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $36.63.

Atour Lifestyle Stock Performance

Shares of NASDAQ ATAT traded up $0.41 during mid-day trading on Wednesday, hitting $39.04. The stock had a trading volume of 1,184,088 shares, compared to its average volume of 1,307,687. The firm has a market cap of $5.39 billion, a PE ratio of 28.29, a PEG ratio of 1.31 and a beta of 0.83. The company has a 50 day moving average of $35.31 and a two-hundred day moving average of $31.04. Atour Lifestyle Holdings Limited Sponsored ADR has a twelve month low of $18.81 and a twelve month high of $39.84.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its 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. The company had revenue of $344.49 million during the quarter, compared to the consensus estimate 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. Equities research analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Atour Lifestyle declared that its board has initiated 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 repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

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.