Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Atour Lifestyle Holdings by 17.0% in Q1, now owning 78,532 shares valued at approximately $2.23 million.
• Atour Lifestyle recently reported $344.49 million in revenue for the quarter, surpassing analysts' expectations of $326 million, with an EPS of $0.42 exceeding estimates.
• Several institutional investors, including Bank of America and Caxton Associates, notably increased their stakes in Atour Lifestyle, indicating growing confidence in the company's performance.

Invesco Ltd. grew its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 17.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,532 shares of the company's stock after buying an additional 11,415 shares during the period. Invesco Ltd. owned 0.06% of Atour Lifestyle worth $2,226,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ATAT. Atlas Capital Advisors Inc. acquired a new position in shares of Atour Lifestyle in the 1st quarter valued at $27,000. Robeco Institutional Asset Management B.V. purchased a new stake in Atour Lifestyle during the 1st quarter valued at about $209,000. Pinnacle Associates Ltd. purchased a new stake in Atour Lifestyle during the 1st quarter valued at about $213,000. Bank of New York Mellon Corp acquired a new position in shares of Atour Lifestyle in the first quarter valued at about $215,000. Finally, Deutsche Bank AG purchased a new position in shares of Atour Lifestyle in the fourth quarter worth about $235,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Atour Lifestyle Trading Up 0.4%

ATAT traded up $0.15 on Wednesday, reaching $38.78. The stock had a trading volume of 703,694 shares, compared to its average volume of 1,332,001. The business's 50-day moving average price is $35.17 and its two-hundred day moving average price is $30.98. The company has a market cap of $5.36 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. Atour Lifestyle Holdings Limited Sponsored ADR has a 12-month low of $18.81 and a 12-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, topping the consensus estimate 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 analyst estimates of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. As a group, analysts predict 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 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.