Deutsche Bank AG Increases Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Deutsche Bank AG raised its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 31.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,438 shares of the company’s stock after purchasing an additional 2,708 shares during the period. Deutsche Bank AG’s holdings in Atour Lifestyle were worth $324,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Atour Lifestyle by 1,544.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company’s stock worth $195,206,000 after buying an additional 6,466,787 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Atour Lifestyle by 3,189.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company’s stock valued at $73,227,000 after purchasing an additional 2,504,461 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Atour Lifestyle in the 1st quarter worth $68,322,000. OLP CAPITAL MANAGEMENT Ltd lifted its holdings in shares of Atour Lifestyle by 17.1% during the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company’s stock valued at $193,672,000 after purchasing an additional 1,052,822 shares in the last quarter. Finally, 3G Capital Partners LP boosted its position in shares of Atour Lifestyle by 263.6% during the fourth quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company’s stock valued at $26,890,000 after buying an additional 725,000 shares during the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Analyst Upgrades and Downgrades

ATAT has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Wall Street Zen cut shares of Atour Lifestyle from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Atour Lifestyle presently has an average rating of “Buy” and a consensus target price of $36.63.

Atour Lifestyle Trading Up 4.6%

Shares of NASDAQ ATAT opened at $39.00 on Friday. Atour Lifestyle Holdings Limited Sponsored ADR has a 12-month low of $17.40 and a 12-month high of $39.37. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 1.25 and a beta of 0.82. The firm has a 50 day moving average of $34.73 and a 200 day moving average of $30.78.

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

Atour Lifestyle declared that its Board of Directors has approved a share buyback program on Thursday, May 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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.