Jupiter Asset Management Ltd. Invests $5.52 Million in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Jupiter Asset Management Ltd. bought a new stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) during the second quarter, Holdings Channel.com reports. The fund bought 169,800 shares of the company’s stock, valued at approximately $5,520,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ATAT. Bank of New York Mellon Corp bought a new position in Atour Lifestyle in the first quarter worth about $215,000. Envestnet Asset Management Inc. boosted its position in Atour Lifestyle by 3.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 53,827 shares of the company’s stock valued at $1,526,000 after acquiring an additional 1,549 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of Atour Lifestyle during the 1st quarter worth approximately $567,000. Leading Securities Co Ltd raised its position in shares of Atour Lifestyle by 2.2% in the 1st quarter. Leading Securities Co Ltd now owns 53,226 shares of the company’s stock worth $1,509,000 after acquiring an additional 1,137 shares in the last quarter. Finally, Pinnacle Associates Ltd. purchased a new position in shares of Atour Lifestyle in the 1st quarter valued at approximately $213,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, October 8th. Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. started coverage on shares of Atour Lifestyle in a research report on Wednesday. They issued an “overweight” rating and a $57.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Atour Lifestyle in a research note on Monday, September 29th. They issued a “buy” rating and a $48.00 price target for the company. Finally, Zacks Research raised shares of Atour Lifestyle from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 16th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Atour Lifestyle has an average rating of “Moderate Buy” and a consensus price target of $41.92.

Atour Lifestyle Trading Down 0.4%

NASDAQ ATAT opened at $40.31 on Friday. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $21.50 and a 12 month high of $42.34. The stock’s fifty day moving average price is $38.40 and its 200-day moving average price is $34.77. The stock 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 (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 the consensus estimate of $0.41 by $0.01. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%.The firm had revenue of $344.49 million during the quarter, compared to analyst estimates of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. As a group, analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal 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.