Y Intercept Hong Kong Ltd Invests $1.07 Million in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Y Intercept Hong Kong Ltd acquired a new position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 32,889 shares of the company’s stock, valued at approximately $1,069,000.

Several other institutional investors also recently modified their holdings of ATAT. Atlas Capital Advisors Inc. acquired a new position in shares of Atour Lifestyle during the 1st quarter worth about $27,000. Summit Securities Group LLC acquired a new position in shares of Atour Lifestyle during the 1st quarter worth about $71,000. Pinnacle Associates Ltd. acquired a new position in shares of Atour Lifestyle during the 1st quarter worth about $213,000. Bank of New York Mellon Corp acquired a new position in shares of Atour Lifestyle during the 1st quarter worth about $215,000. Finally, Ritholtz Wealth Management acquired a new position in shares of Atour Lifestyle during the 2nd quarter worth about $294,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Stock Up 5.8%

Shares of NASDAQ:ATAT opened at $41.23 on Tuesday. The company’s 50 day moving average price is $38.15 and its two-hundred day moving average price is $34.01. Atour Lifestyle Holdings Limited Sponsored ADR has a 12-month low of $21.50 and a 12-month high of $41.43. The firm has a market cap of $5.70 billion, a PE ratio of 29.88, a PEG ratio of 1.27 and a beta of 0.79.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. On average, research analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Analysts Set New Price Targets

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