Public Employees Retirement System of Ohio Makes New Investment in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Public Employees Retirement System of Ohio bought 31,977 Atour Lifestyle shares worth approximately $1.02 million in the second quarter. Institutional investors collectively own 17.79% of the company.
• Atour Lifestyle exceeded quarterly expectations, reporting $0.59 in EPS versus the $0.57 consensus and revenue of $513.74 million versus estimates of $484.56 million.
• ATAT recently traded at $33.28, while analysts maintain a “Moderate Buy” consensus with an average price target of $48.00, despite several recent rating downgrades to “Hold.”

Public Employees Retirement System of Ohio purchased a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,977 shares of the company's stock, valued at approximately $1,017,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in Atour Lifestyle by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company's stock worth $40,739,000 after buying an additional 14,453 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Atour Lifestyle by 13.8% in the 2nd quarter. American Century Companies Inc. now owns 68,633 shares of the company's stock worth $2,231,000 after buying an additional 8,332 shares during the last quarter. First Trust Advisors LP purchased a new position in Atour Lifestyle in the second quarter worth about $1,586,000. Jump Financial LLC grew its position in Atour Lifestyle by 38.0% during the second quarter. Jump Financial LLC now owns 62,192 shares of the company's stock valued at $2,022,000 after buying an additional 17,124 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Atour Lifestyle by 172.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 975,098 shares of the company's stock valued at $31,700,000 after acquiring an additional 617,292 shares during the period. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Price Performance

Atour Lifestyle stock opened at $33.28 on Wednesday. The stock has a market cap of $4.57 billion, a P/E ratio of 16.39, a PEG ratio of 0.93 and a beta of 0.63. Atour Lifestyle Holdings Limited Sponsored ADR has a 1 year low of $30.77 and a 1 year high of $43.17. The firm's 50 day moving average price is $33.75 and its 200-day moving average price is $35.28.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%.The company had revenue of $513.74 million during the quarter, compared to analyst estimates of $484.56 million. As a group, equities analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ATAT shares. Zacks Research downgraded Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Wall Street Zen cut Atour Lifestyle from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Weiss Ratings lowered shares of Atour Lifestyle from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, August 31st. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $48.00.

Atour Lifestyle Profile

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company's core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.

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