29,600 Shares in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Bought by Nuveen LLC

Nuveen LLC bought a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,600 shares of the company's stock, valued at approximately $839,000.

Other hedge funds have also modified their holdings of the company. Atlas Capital Advisors Inc. acquired a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $27,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $209,000. Pinnacle Associates Ltd. acquired a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $213,000. Bank of New York Mellon Corp acquired a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $215,000. Finally, Deutsche Bank AG acquired a new position in shares of Atour Lifestyle in the 4th quarter worth approximately $235,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Price Performance

Shares of NASDAQ ATAT traded up $0.14 during midday trading on Friday, hitting $39.04. The stock had a trading volume of 1,579,633 shares, compared to its average volume of 1,280,461. The company's 50-day simple moving average is $35.57 and its 200 day simple moving average is $31.13. The firm has a market cap of $5.39 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. Atour Lifestyle Holdings Limited Sponsored ADR has a fifty-two week low of $18.95 and a fifty-two week high of $39.84.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its earnings results on Tuesday, August 26th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $344.49 million during the quarter, compared to analysts' expectations of $326.00 million. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%. Atour Lifestyle has set its FY 2025 guidance at EPS. Equities analysts expect 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 approved a share repurchase program on Thursday, May 22nd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ATAT. Citigroup reissued a "buy" rating and issued a $38.00 target price (up from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Wall Street Zen raised Atour Lifestyle from a "hold" rating to a "buy" rating in a report on Friday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $36.63.

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.