Jupiter Asset Management Ltd. Purchases Shares of 169,800 Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Jupiter Asset Management Ltd. purchased a new position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 169,800 shares of the company’s stock, valued at approximately $5,520,000. Jupiter Asset Management Ltd. owned about 0.12% of Atour Lifestyle as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of Atour Lifestyle by 1.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock valued at $40,739,000 after buying an additional 14,453 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Atour Lifestyle by 173.9% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,381,600 shares of the company’s stock worth $44,916,000 after acquiring an additional 877,153 shares in the last quarter. 3G Capital Partners LP lifted its holdings in shares of Atour Lifestyle by 5.0% in the 1st quarter. 3G Capital Partners LP now owns 1,050,000 shares of the company’s stock worth $29,768,000 after acquiring an additional 50,000 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Atour Lifestyle by 4.4% in the 1st quarter. Millennium Management LLC now owns 921,837 shares of the company’s stock valued at $26,134,000 after purchasing an additional 38,565 shares in the last quarter. Finally, Walleye Capital LLC grew its holdings in shares of Atour Lifestyle by 400.8% during the 1st quarter. Walleye Capital LLC now owns 897,429 shares of the company’s stock valued at $25,442,000 after purchasing an additional 718,240 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Trading Down 0.4%

Atour Lifestyle stock opened at $40.31 on Friday. The firm has a market cap of $5.57 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.30 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 $42.34. The firm has a 50-day moving average of $38.40 and a 200-day moving average of $34.77.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $344.49 million for the quarter, compared to the consensus estimate 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. Research analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ATAT has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th. Zacks Research upgraded Atour Lifestyle from a “strong sell” rating to a “hold” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. began coverage on Atour Lifestyle in a research note on Wednesday. They issued an “overweight” rating and a $57.00 target price for the company. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Jefferies Financial Group assumed coverage on Atour Lifestyle in a research note on Monday, September 29th. They issued a “buy” rating and a $48.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.92.

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.