ABN Amro Investment Solutions Buys New Shares in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

ABN Amro Investment Solutions acquired a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 110,754 shares of the company’s stock, valued at approximately $3,601,000. ABN Amro Investment Solutions owned 0.08% of Atour Lifestyle at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. acquired a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $27,000. Summit Securities Group LLC acquired a new stake in shares of Atour Lifestyle in the 1st quarter valued at $71,000. AdvisorShares Investments LLC acquired a new position in shares of Atour Lifestyle during the second quarter valued at $120,000. Pinnacle Associates Ltd. acquired a new position in shares of Atour Lifestyle during the first quarter valued at $213,000. Finally, Bank of New York Mellon Corp bought a new position in Atour Lifestyle in the first quarter valued at about $215,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Atour Lifestyle Stock Down 0.4%

ATAT opened at $40.31 on Friday. Atour Lifestyle Holdings Limited Sponsored ADR has a twelve month low of $21.50 and a twelve month high of $42.34. The company has a 50-day simple moving average of $38.40 and a 200 day simple moving average of $34.77. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.30 and a beta of 0.79.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm 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 anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Atour Lifestyle Company 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.