Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Bought by Millennium Management LLC

Key Points

• Millennium Management LLC has increased its stake in Atour Lifestyle Holdings to 921,837 shares, valued at $26.13 million, marking a 4.4% investment increase during the 1st quarter.
• Atour Lifestyle reported earnings of $0.42 per share, exceeding analyst expectations, with a revenue of $344.49 million during the last quarter.
• Analysts have upgraded Atour Lifestyle's stock rating, with Wall Street Zen changing it from "hold" to "buy," and Citigroup setting a new price target of $38.00.

Millennium Management LLC lifted its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 921,837 shares of the company's stock after purchasing an additional 38,565 shares during the period. Millennium Management LLC owned approximately 0.67% of Atour Lifestyle worth $26,134,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ATAT. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Atour Lifestyle by 1,544.1% during 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 worth $73,227,000 after acquiring an additional 2,504,461 shares during the period. Principal Financial Group Inc. acquired a new position in Atour Lifestyle in the first quarter valued at approximately $68,322,000. Man Group plc raised its holdings in Atour Lifestyle by 21.8% during the fourth quarter. Man Group plc now owns 2,051,797 shares of the company's stock worth $55,173,000 after buying an additional 366,872 shares during the last quarter. Finally, Sylebra Capital LLC increased its stake in Atour Lifestyle by 12.0% in the 4th quarter. Sylebra Capital LLC now owns 1,245,593 shares of the company's stock valued at $33,494,000 after buying an additional 133,869 shares during the last quarter. Institutional investors and hedge funds own 17.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ATAT shares. Wall Street Zen upgraded Atour Lifestyle from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Citigroup reiterated a "buy" rating and set a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $36.63.

Atour Lifestyle Price Performance

Shares of NASDAQ ATAT traded up $0.41 during midday trading on Wednesday, hitting $39.91. The company's stock had a trading volume of 447,777 shares, compared to its average volume of 1,320,486. Atour Lifestyle Holdings Limited Sponsored ADR has a 1 year low of $20.04 and a 1 year high of $40.39. The business's fifty day simple moving average is $36.39 and its two-hundred day simple moving average is $31.58. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 earnings per share 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 during the quarter, compared to the consensus estimate of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. Analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Atour Lifestyle announced that its Board of Directors has authorized 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 reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Atour Lifestyle Company 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.