Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Holdings Increased by Think Investments LP

Key Points

• Think Investments LP increased its stake in Atour Lifestyle Holdings Limited by 264.1%, holding 695,487 shares valued at approximately $19.72 million, which is about 3.8% of their total holdings.
• Atour Lifestyle reported a quarterly earnings per share of $0.42, surpassing analysts' expectations, with revenue reaching $344.49 million for the period.
• The company has a market capitalization of $5.39 billion and a consensus price target of $36.63, with Citigroup recently upgrading its rating to "buy".

Think Investments LP grew its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 264.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 695,487 shares of the company's stock after purchasing an additional 504,487 shares during the quarter. Atour Lifestyle makes up approximately 3.8% of Think Investments LP's investment portfolio, making the stock its 10th largest position. Think Investments LP owned approximately 0.51% of Atour Lifestyle worth $19,717,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Atour Lifestyle in the first quarter valued at about $809,000. Principal Financial Group Inc. bought a new stake in shares of Atour Lifestyle in the first quarter valued at about $68,322,000. The Manufacturers Life Insurance Company raised its holdings in shares of Atour Lifestyle by 867.6% in the first quarter. The Manufacturers Life Insurance Company now owns 645,399 shares of the company's stock valued at $18,297,000 after acquiring an additional 578,697 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Atour Lifestyle by 139.3% in the fourth quarter. Northern Trust Corp now owns 75,476 shares of the company's stock valued at $2,030,000 after acquiring an additional 43,931 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Atour Lifestyle in the first quarter worth about $1,030,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on ATAT shares. Citigroup reiterated 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 upgraded shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Atour Lifestyle has a consensus rating of "Buy" and a consensus price target of $36.63.

Atour Lifestyle Stock Performance

ATAT stock traded down $0.26 during midday trading on Friday, reaching $39.73. The stock had a trading volume of 291,922 shares, compared to its average volume of 1,330,720. The firm has a fifty day simple moving average of $36.11 and a two-hundred day simple moving average of $31.38. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $19.54 and a 52-week high of $40.37. The stock has a market cap of $5.49 billion, a PE ratio of 28.80, a P/E/G ratio of 1.32 and a beta of 0.83.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.01. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%.The business had revenue of $344.49 million for the quarter, compared to analyst estimates of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Atour Lifestyle announced that its board has approved a stock repurchase plan on Thursday, May 22nd that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Atour Lifestyle 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.