KEYWISE CAPITAL MANAGEMENT HK Ltd Makes New $298,000 Investment in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• KEYWISE CAPITAL MANAGEMENT HK Ltd has acquired 10,500 shares of Atour Lifestyle Holdings Limited, valued at approximately $298,000, making it the firm's 10th largest position.
• During the first quarter, several hedge funds, including OVERSEA CHINESE BANKING Corp Ltd and Mirae Asset Global Investments Co. Ltd., dramatically increased their stakes in Atour, indicating growing institutional interest in the company.
• Atour Lifestyle reported earnings surpassing estimates, with an EPS of $0.42 and revenue of $344.49 million for the quarter, leading analysts to expect a strong FY 2025 performance.

KEYWISE CAPITAL MANAGEMENT HK Ltd bought a new stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,500 shares of the company's stock, valued at approximately $298,000. Atour Lifestyle accounts for approximately 0.0% of KEYWISE CAPITAL MANAGEMENT HK Ltd's portfolio, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. OLP CAPITAL MANAGEMENT Ltd lifted its holdings in Atour Lifestyle by 17.1% in the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock valued at $193,672,000 after acquiring an additional 1,052,822 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of 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 valued at $195,206,000 after buying an additional 6,466,787 shares in the last quarter. Bank of America Corp DE increased its position in shares of Atour Lifestyle by 8.3% in the fourth quarter. Bank of America Corp DE now owns 3,534,543 shares of the company's stock valued at $95,044,000 after buying an additional 269,656 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Atour Lifestyle by 3,189.8% in 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 buying an additional 2,504,461 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of Atour Lifestyle in the first quarter valued at $68,322,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup restated a "buy" rating and issued a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen upgraded Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $36.63.

Atour Lifestyle Stock Down 0.1%

ATAT stock traded down $0.05 during trading on Tuesday, reaching $39.98. 1,671,646 shares of the company's stock were exchanged, compared to its average volume of 1,339,678. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $19.10 and a 1-year high of $40.37. The company's fifty day moving average price is $35.72 and its 200-day moving average price is $31.19. The firm has a market cap of $5.52 billion, a PE ratio of 28.97, a P/E/G ratio of 1.31 and a beta of 0.82.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%.The business had revenue of $344.49 million during the quarter, compared to analyst estimates of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle announced that its Board of Directors has initiated a stock repurchase program on Thursday, May 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

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.