Squarepoint Ops LLC Has $994,000 Stake in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Squarepoint Ops LLC cut its Atour Lifestyle stake by 58.8% in the second quarter, selling 44,615 shares and retaining 31,253 shares valued at approximately $994,000.
• Institutional ownership stands at 17.79%, with Wellington Management increasing its stake by 116.8% to 348,174 shares, while several other investors also adjusted their positions.
• Atour reported quarterly EPS of $0.59 and revenue of $513.74 million, exceeding analyst estimates. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $48, compared with the stock’s recent price near $32.

Squarepoint Ops LLC reduced its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 58.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,253 shares of the company's stock after selling 44,615 shares during the quarter. Squarepoint Ops LLC's holdings in Atour Lifestyle were worth $994,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Nykredit A S acquired a new position in shares of Atour Lifestyle in the second quarter valued at $112,000. TD Waterhouse Canada Inc. lifted its stake in shares of Atour Lifestyle by 5.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,882 shares of the company's stock worth $653,000 after buying an additional 1,021 shares during the last quarter. B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Atour Lifestyle during the 2nd quarter worth about $1,022,000. Headlands Technologies LLC boosted its holdings in shares of Atour Lifestyle by 80.8% during the 2nd quarter. Headlands Technologies LLC now owns 21,345 shares of the company's stock worth $679,000 after buying an additional 9,541 shares during the period. Finally, Wellington Management Group LLP grew its stake in Atour Lifestyle by 116.8% in the 2nd quarter. Wellington Management Group LLP now owns 348,174 shares of the company's stock valued at $11,072,000 after buying an additional 187,608 shares during the last quarter. 17.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Wall Street Zen raised Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Sunday, September 13th. Finally, Weiss Ratings lowered Atour Lifestyle from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, August 31st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Atour Lifestyle has a consensus rating of "Moderate Buy" and an average target price of $48.00.

Atour Lifestyle Stock Down 0.2%

Shares of Atour Lifestyle stock opened at $32.02 on Friday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 0.87 and a beta of 0.63. Atour Lifestyle Holdings Limited Sponsored ADR has a twelve month low of $30.77 and a twelve month high of $43.17. The company has a 50-day simple moving average of $33.77 and a two-hundred day simple moving average of $34.92.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its earnings results on Thursday, August 20th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. The firm had revenue of $513.74 million for the quarter, compared to analyst estimates of $484.56 million. On average, sell-side analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 earnings per share for the current fiscal year.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited is a hospitality company based in China that develops and operates a network of lifestyle hotels. The company serves business and leisure travelers through hotel accommodations, guest services and technology-enabled booking and membership platforms.

Atour's portfolio includes its flagship Atour Hotel brand and other offerings positioned across different segments, including Atour S Hotel, Atour X Hotel and related lifestyle concepts. In addition to lodging, the company sells selected household and travel products through its retail business, extending the Atour brand beyond its hotels.

Founded in 2013, Atour has expanded its presence across major Chinese cities and travel destinations through a combination of directly operated and franchised hotels.

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