Russell Investments Group Ltd. Reduces Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Russell Investments Group Ltd. has reduced its stake in Atour Lifestyle Holdings by 14.4%, owning 168,853 shares amounting to approximately $4.79 million as of the latest SEC filing.
• Atour Lifestyle's shares saw a slight increase of 1.6%, currently trading at $34.49, with a 12-month price range between $16.17 and $37.46.
• Several analysts have recently adjusted their ratings, with Wall Street Zen downgrading the stock to a "hold" while Citigroup maintains a "buy" rating and has raised the price target to $38.00.

Russell Investments Group Ltd. trimmed its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 14.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,853 shares of the company's stock after selling 28,497 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of Atour Lifestyle worth $4,787,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Atlas Capital Advisors Inc. purchased a new position in Atour Lifestyle in the first quarter worth about $27,000. AdvisorShares Investments LLC purchased a new position in Atour Lifestyle in the fourth quarter worth about $188,000. Robeco Institutional Asset Management B.V. purchased a new position in Atour Lifestyle in the first quarter worth about $209,000. Pinnacle Associates Ltd. purchased a new position in Atour Lifestyle in the first quarter worth about $213,000. Finally, Bank of New York Mellon Corp purchased a new position in Atour Lifestyle in the first quarter worth about $215,000. 17.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup restated a "buy" rating and set a $38.00 target price (up previously from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen lowered Atour Lifestyle from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $36.63.

Atour Lifestyle Stock Performance

NASDAQ:ATAT traded up $0.13 during trading hours on Wednesday, reaching $37.28. The company's stock had a trading volume of 1,486,691 shares, compared to its average volume of 1,204,944. The company has a market capitalization of $5.15 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $16.17 and a 12 month high of $38.70. The stock has a 50 day moving average price of $34.56 and a two-hundred day moving average price of $30.71.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. The company had revenue of $344.49 million during the quarter, compared to the consensus estimate of $326.00 million. Atour Lifestyle had a net margin of 16.52% and a return on equity of 47.07%. Atour Lifestyle has set its FY 2025 guidance at EPS. As a group, analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Atour Lifestyle declared that its Board of Directors has initiated a share repurchase program on Thursday, May 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

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.