Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 11,289.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,390,686 shares of the company’s stock after buying an additional 1,378,476 shares during the quarter. SG Americas Securities LLC’s holdings in Atour Lifestyle were worth $45,211,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of Atour Lifestyle by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock valued at $40,739,000 after acquiring an additional 14,453 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Atour Lifestyle by 173.9% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,381,600 shares of the company’s stock valued at $44,916,000 after purchasing an additional 877,153 shares during the last quarter. 3G Capital Partners LP raised its stake in Atour Lifestyle by 5.0% in the 1st quarter. 3G Capital Partners LP now owns 1,050,000 shares of the company’s stock valued at $29,768,000 after purchasing an additional 50,000 shares during the last quarter. Millennium Management LLC lifted its holdings in 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 boosted its stake in Atour Lifestyle by 400.8% during the 1st quarter. Walleye Capital LLC now owns 897,429 shares of the company’s stock worth $25,442,000 after purchasing an additional 718,240 shares during the last quarter. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Atour Lifestyle Price Performance

NASDAQ:ATAT opened at $39.25 on Friday. The company’s 50-day moving average is $38.40 and its two-hundred day moving average is $34.88. 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 market capitalization of $5.42 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 1.30 and a beta of 0.79.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. The firm had revenue of $344.49 million for the quarter, compared to analyst estimates of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.

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.