Greenwoods Asset Management Hong Kong Ltd. Has $56.87 Million Stock Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Greenwoods Asset Management Hong Kong Ltd. trimmed its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 31.0% during the second quarter, HoldingsChannel.com reports. The fund owned 1,788,400 shares of the company’s stock after selling 802,736 shares during the period. Atour Lifestyle makes up approximately 2.6% of Greenwoods Asset Management Hong Kong Ltd.’s investment portfolio, making the stock its 7th biggest holding. Greenwoods Asset Management Hong Kong Ltd.’s holdings in Atour Lifestyle were worth $56,871,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ATAT. WFM ASIA BVI Ltd acquired a new position in Atour Lifestyle during the second quarter valued at approximately $99,575,000. JPMorgan Chase & Co. raised its holdings in Atour Lifestyle by 234.2% in the fourth quarter. JPMorgan Chase & Co. now owns 3,428,240 shares of the company’s stock worth $135,073,000 after purchasing an additional 2,402,412 shares during the period. Schroder Investment Management Group raised its holdings in Atour Lifestyle by 64.0% in the fourth quarter. Schroder Investment Management Group now owns 2,717,894 shares of the company’s stock worth $107,085,000 after purchasing an additional 1,060,966 shares during the period. Bank of Montreal Can bought a new position in shares of Atour Lifestyle during the fourth quarter worth $28,828,000. Finally, Millennium Management LLC boosted its position in shares of Atour Lifestyle by 208.9% during the third quarter. Millennium Management LLC now owns 1,052,392 shares of the company’s stock worth $39,559,000 after purchasing an additional 711,660 shares in the last quarter. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Shares of ATAT opened at $35.05 on Thursday. The stock has a 50 day simple moving average of $33.57 and a 200 day simple moving average of $35.41. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $30.77 and a 52-week high of $43.17. The firm has a market capitalization of $4.82 billion, a PE ratio of 17.27, a P/E/G ratio of 0.93 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. The firm had revenue of $513.74 million for the quarter, compared to the consensus estimate of $484.56 million. Equities research analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on ATAT. Weiss Ratings cut shares of Atour Lifestyle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.