Robeco Institutional Asset Management B.V. Has $592,000 Stake in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Robeco Institutional Asset Management B.V. increased its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 147.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,195 shares of the company's stock after buying an additional 10,833 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Atour Lifestyle were worth $592,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Atour Lifestyle in the first quarter valued at approximately $809,000. Principal Financial Group Inc. acquired a new position in Atour Lifestyle during the first quarter valued at approximately $68,322,000. The Manufacturers Life Insurance Company raised its position in Atour Lifestyle by 867.6% during the first quarter. The Manufacturers Life Insurance Company now owns 645,399 shares of the company's stock valued at $18,297,000 after purchasing an additional 578,697 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Atour Lifestyle during the first quarter valued at approximately $1,030,000. Finally, BRIGHT VALLEY CAPITAL Ltd acquired a new position in Atour Lifestyle during the first quarter valued at approximately $8,505,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on ATAT. Jefferies Financial Group began coverage on shares of Atour Lifestyle in a research report on Monday, September 29th. They set a "buy" rating and a $48.00 price objective for the company. Wall Street Zen upgraded shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Atour Lifestyle in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $38.90.

Atour Lifestyle Trading Down 0.3%

Shares of Atour Lifestyle stock opened at $35.49 on Thursday. The business has a 50-day moving average price of $37.03 and a two-hundred day moving average price of $32.40. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $21.50 and a 1-year high of $40.39. The company has a market cap of $4.90 billion, a P/E ratio of 25.72, a PEG ratio of 1.20 and a beta of 0.79.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. The firm had revenue of $344.49 million during the quarter, compared to the consensus estimate 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 research analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

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.

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