210,700 Shares in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Bought by Greenwoods Asset Management Hong Kong Ltd.

Greenwoods Asset Management Hong Kong Ltd. bought a new stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 210,700 shares of the company’s stock, valued at approximately $6,850,000. Atour Lifestyle comprises about 0.2% of Greenwoods Asset Management Hong Kong Ltd.’s investment portfolio, making the stock its 21st largest holding. Greenwoods Asset Management Hong Kong Ltd. owned 0.15% of Atour Lifestyle as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ATAT. Walleye Capital LLC boosted its holdings in shares of Atour Lifestyle by 400.8% in the 1st quarter. Walleye Capital LLC now owns 897,429 shares of the company’s stock valued at $25,442,000 after buying an additional 718,240 shares in the last quarter. WFM ASIA BVI Ltd bought a new position in shares of Atour Lifestyle during the 1st quarter worth approximately $17,444,000. The Manufacturers Life Insurance Company lifted its position in Atour Lifestyle by 867.6% during the first quarter. The Manufacturers Life Insurance Company now owns 645,399 shares of the company’s stock valued at $18,297,000 after acquiring an additional 578,697 shares during the last quarter. Aberdeen Group plc boosted its stake in Atour Lifestyle by 290.3% in the second quarter. Aberdeen Group plc now owns 740,294 shares of the company’s stock valued at $24,437,000 after acquiring an additional 550,604 shares in the last quarter. Finally, Think Investments LP grew its holdings in Atour Lifestyle by 264.1% in the first quarter. Think Investments LP now owns 695,487 shares of the company’s stock worth $19,717,000 after purchasing an additional 504,487 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Price Performance

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

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

Wall Street Analysts Forecast Growth

ATAT has been the subject of several analyst reports. Jefferies Financial Group began coverage on Atour Lifestyle in a report on Monday, September 29th. They set a “buy” rating and a $48.00 price objective for the company. Zacks Research raised Atour Lifestyle from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 16th. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.90.

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.