Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Stock Position Boosted by Aberdeen Group plc

Aberdeen Group plc boosted its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 290.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 740,294 shares of the company’s stock after buying an additional 550,604 shares during the period. Aberdeen Group plc owned 0.54% of Atour Lifestyle worth $24,437,000 at the end of the most recent quarter.

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

Atour Lifestyle Price Performance

NASDAQ ATAT opened at $35.34 on Tuesday. The company has a 50 day simple moving average of $37.12 and a 200-day simple moving average of $32.58. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.17 and a beta of 0.79. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $21.50 and a 52-week high of $40.39.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ATAT shares. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Jefferies Financial Group started coverage on shares of Atour Lifestyle in a research report on Monday, September 29th. They set a “buy” rating and a $48.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $38.90.

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.