Trexquant Investment LP Sells 51,125 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Trexquant Investment LP has decreased its stake in Atour Lifestyle Holdings by 34.5%, now holding 96,876 shares valued at approximately $2.75 million.
• Atour Lifestyle stock currently has a consensus rating of "Buy" and an average target price of $36.63, with recent performance showing a 1.1% increase.
• The company recently reported earnings exceeding analysts' expectations, with $0.42 EPS against a consensus estimate of $0.41, and revenue surpassing estimates at $344.49 million.

Trexquant Investment LP decreased its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 34.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,876 shares of the company's stock after selling 51,125 shares during the period. Trexquant Investment LP owned about 0.07% of Atour Lifestyle worth $2,746,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atlas Capital Advisors Inc. bought a new position in Atour Lifestyle in the 1st quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new position in Atour Lifestyle in the 1st quarter valued at approximately $71,000. Robeco Institutional Asset Management B.V. acquired a new position in Atour Lifestyle in the 1st quarter valued at approximately $209,000. Pinnacle Associates Ltd. acquired a new position in Atour Lifestyle in the 1st quarter valued at approximately $213,000. Finally, Bank of New York Mellon Corp acquired a new position in Atour Lifestyle in the 1st quarter valued at approximately $215,000. Institutional investors own 17.79% of the company's stock.

Wall Street Analysts Forecast Growth

ATAT has been the subject of several recent research reports. Citigroup restated a "buy" rating and issued a $38.00 price target (up from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $36.63.

Atour Lifestyle Trading Up 0.4%

NASDAQ ATAT traded up $0.14 on Friday, hitting $39.04. 1,579,633 shares of the company were exchanged, compared to its average volume of 1,280,461. The company has a market cap of $5.39 billion, a PE ratio of 28.29, a PEG ratio of 1.31 and a beta of 0.83. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $18.95 and a 12 month high of $39.84. The stock has a fifty day moving average of $35.57 and a 200-day moving average of $31.14.

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

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