Lbp Am Sa Trims Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Lbp Am Sa reduced its stake in Atour Lifestyle Holdings Limited by 40.8% during Q2, now owning 74,000 shares worth approximately $2.4 million.
• Research analysts have given Atour Lifestyle a consensus "Buy" rating, with Jefferies Financial Group setting a price objective of $48.00.
• Atour Lifestyle reported a quarterly EPS of $0.42, exceeding expectations, with revenue of $344.49 million for the quarter.

Lbp Am Sa lessened its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 40.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,000 shares of the company's stock after selling 50,944 shares during the period. Lbp Am Sa owned 0.05% of Atour Lifestyle worth $2,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ATAT. OVERSEA CHINESE BANKING Corp Ltd grew its position 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 during the period. Mirae Asset Global Investments Co. Ltd. grew its position in 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 worth $73,227,000 after acquiring an additional 2,504,461 shares during the period. Principal Financial Group Inc. purchased a new position in Atour Lifestyle in the first quarter worth approximately $68,322,000. Walleye Capital LLC grew its position in Atour Lifestyle by 400.8% in the first quarter. Walleye Capital LLC now owns 897,429 shares of the company's stock worth $25,442,000 after acquiring an additional 718,240 shares during the period. Finally, WFM ASIA BVI Ltd purchased a new position in Atour Lifestyle in the first quarter worth approximately $17,444,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ATAT shares. Jefferies Financial Group started coverage on Atour Lifestyle in a research report on Monday. They issued a "buy" rating and a $48.00 price objective for the company. Wall Street Zen upgraded Atour Lifestyle from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $38.90.

Atour Lifestyle Stock Up 0.5%

NASDAQ:ATAT opened at $36.63 on Friday. The stock's fifty day moving average is $36.98 and its two-hundred day moving average is $32.25. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $21.50 and a 52 week high of $40.39. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.23 and a beta of 0.79.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.42 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations 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 EPS for the current fiscal year.

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.

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