Aspex Management HK Ltd Sells 990,051 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Aspex Management HK Ltd lessened its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 18.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,510,636 shares of the company’s stock after selling 990,051 shares during the period. Atour Lifestyle makes up approximately 3.1% of Aspex Management HK Ltd’s holdings, making the stock its 12th largest position. Aspex Management HK Ltd’s holdings in Atour Lifestyle were worth $117,006,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of Atour Lifestyle in the first quarter valued at approximately $35,534,000. Jupiter Asset Management Ltd. bought a new stake in Atour Lifestyle in the second quarter valued at approximately $4,406,000. M&G Plc acquired a new stake in Atour Lifestyle during the 2nd quarter worth $23,181,000. SG Americas Securities LLC lifted its holdings in shares of Atour Lifestyle by 1,423.5% during the 2nd quarter. SG Americas Securities LLC now owns 233,801 shares of the company’s stock valued at $4,290,000 after purchasing an additional 218,455 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its holdings in shares of Atour Lifestyle by 41.6% in the second quarter. Burgundy Asset Management Ltd. now owns 613,718 shares of the company’s stock valued at $11,262,000 after buying an additional 180,368 shares during the period. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Shares of Atour Lifestyle stock opened at $25.15 on Monday. The business’s 50 day simple moving average is $26.26 and its 200 day simple moving average is $20.91. The firm has a market cap of $3.46 billion, a PE ratio of 21.68, a P/E/G ratio of 0.59 and a beta of 0.64. Atour Lifestyle Holdings Limited has a 52-week low of $15.06 and a 52-week high of $29.15.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The firm had revenue of $247.28 million during the quarter, compared to the consensus estimate of $244.72 million. As a group, equities research analysts predict that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current 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.