Aspex Management HK Ltd Has $172.79 Million Stake in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Aspex Management HK Ltd boosted its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 17.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,314,881 shares of the company’s stock after acquiring an additional 804,245 shares during the quarter. Atour Lifestyle accounts for 3.8% of Aspex Management HK Ltd’s portfolio, making the stock its 12th largest position. Aspex Management HK Ltd owned approximately 3.85% of Atour Lifestyle worth $172,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hel Ved Capital Management Ltd bought a new stake in shares of Atour Lifestyle in the second quarter valued at about $2,724,000. Russell Investments Group Ltd. raised its position in Atour Lifestyle by 5.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 178,883 shares of the company’s stock valued at $5,815,000 after buying an additional 10,030 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Atour Lifestyle in the 2nd quarter valued at approximately $2,235,000. American Century Companies Inc. boosted its position in Atour Lifestyle by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 68,633 shares of the company’s stock worth $2,231,000 after acquiring an additional 8,332 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Atour Lifestyle by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 74,624 shares of the company’s stock worth $2,426,000 after acquiring an additional 2,210 shares in the last quarter. Institutional investors own 17.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ATAT. Citigroup increased their price target on Atour Lifestyle from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday. Macquarie increased their price objective on Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Atour Lifestyle in a report on Wednesday, November 12th. They set an “overweight” rating and a $57.00 target price on the stock. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $43.21.

Atour Lifestyle Price Performance

ATAT stock opened at $37.76 on Thursday. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $21.50 and a one year high of $42.34. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 1.02 and a beta of 0.79. The company has a fifty day moving average price of $38.03 and a two-hundred day moving average price of $35.59.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Atour Lifestyle had a return on equity of 46.66% and a net margin of 16.21%.The company had revenue of $368.95 million during the quarter, compared to analysts’ expectations of $340.27 million. Atour Lifestyle has set its FY 2025 guidance at EPS. Research analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Atour Lifestyle Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be paid a $0.36 dividend. This represents a yield of 97.0%. The ex-dividend date of this dividend is Friday, December 5th. Atour Lifestyle’s payout ratio is 28.26%.

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.