Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Sold by M&G PLC

M&G PLC cut its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 0.4% in the second quarter, Holdings Channel.com reports. The fund owned 3,298,930 shares of the company’s stock after selling 13,654 shares during the period. M&G PLC’s holdings in Atour Lifestyle were worth $108,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. purchased a new position in shares of Atour Lifestyle during the first quarter worth $27,000. Leading Securities Co Ltd lifted its position in shares of Atour Lifestyle by 2.2% during the first quarter. Leading Securities Co Ltd now owns 53,226 shares of the company’s stock worth $1,509,000 after purchasing an additional 1,137 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Atour Lifestyle by 3.0% in the first quarter. Envestnet Asset Management Inc. now owns 53,827 shares of the company’s stock valued at $1,526,000 after purchasing an additional 1,549 shares during the period. Summit Securities Group LLC acquired a new position in shares of Atour Lifestyle in the first quarter valued at approximately $71,000. Finally, Deutsche Bank AG lifted its holdings in Atour Lifestyle by 31.0% during the 1st quarter. Deutsche Bank AG now owns 11,438 shares of the company’s stock worth $324,000 after buying an additional 2,708 shares in the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Price Performance

Shares of ATAT opened at $40.39 on Wednesday. The stock has a market cap of $5.58 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.32 and a beta of 0.79. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $21.50 and a 1-year high of $41.88. The firm has a fifty day moving average price of $38.34 and a 200 day moving average price of $34.69.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Zacks Research upgraded Atour Lifestyle from a “strong sell” rating to a “hold” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, October 8th. Jefferies Financial Group initiated coverage on shares of Atour Lifestyle in a research report on Monday, September 29th. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.90.

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.