Mitsubishi UFJ Trust & Banking Corp Acquires 877,153 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Mitsubishi UFJ Trust & Banking Corp boosted its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 173.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,381,600 shares of the company’s stock after purchasing an additional 877,153 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Atour Lifestyle were worth $44,916,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in Atour Lifestyle during the 1st quarter valued at about $215,000. Envestnet Asset Management Inc. raised 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 worth $1,526,000 after purchasing an additional 1,549 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Atour Lifestyle during the first quarter valued at $567,000. Leading Securities Co Ltd raised its position in 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 buying an additional 1,137 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new position in Atour Lifestyle during the 1st quarter valued at about $213,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Price Performance

Shares of NASDAQ ATAT opened at $40.31 on Friday. The stock has a market cap of $5.57 billion, a PE ratio of 29.21, a price-to-earnings-growth 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 fifty day moving average price of $38.40 and a 200-day moving average price of $34.77.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on ATAT shares. JPMorgan Chase & Co. started coverage on shares of Atour Lifestyle in a research report on Wednesday. They set an “overweight” rating and a $57.00 price objective on the stock. Weiss Ratings reiterated 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. Zacks Research raised shares of Atour Lifestyle from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, Jefferies Financial Group began coverage on shares of Atour Lifestyle in a report on Monday, September 29th. They issued a “buy” rating and a $48.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Atour Lifestyle currently has a consensus rating of “Moderate Buy” and an average target price of $41.92.

About Atour Lifestyle

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.