Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC cut its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 10.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,750 shares of the company’s stock after selling 22,594 shares during the period. Atour Lifestyle makes up about 1.5% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Matthews International Capital Management LLC’s holdings in Atour Lifestyle were worth $6,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Robeco Institutional Asset Management B.V. boosted its position in shares of Atour Lifestyle by 147.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 18,195 shares of the company’s stock worth $592,000 after buying an additional 10,833 shares during the period. Woodline Partners LP lifted its position in Atour Lifestyle by 48.6% in the first quarter. Woodline Partners LP now owns 239,547 shares of the company’s stock worth $6,791,000 after purchasing an additional 78,303 shares during the period. Caxton Associates LLP acquired a new stake in Atour Lifestyle in the first quarter worth approximately $658,000. Goldman Sachs Group Inc. lifted its position in Atour Lifestyle by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock worth $40,739,000 after purchasing an additional 14,453 shares during the period. Finally, Think Investments LP lifted its position 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 period. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Stock Performance

Shares of NASDAQ:ATAT opened at $36.04 on Friday. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $21.50 and a one year high of $40.39. The stock has a fifty day moving average of $36.99 and a 200-day moving average of $32.29. The company has a market capitalization of $4.98 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 1.23 and a beta of 0.79.

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

Analysts Set New Price Targets

ATAT has been the subject of a number of research analyst reports. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Jefferies Financial Group initiated coverage on Atour Lifestyle in a research report on Monday. They issued a “buy” rating and a $48.00 target price for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Saturday, September 27th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “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.