JPMorgan Chase & Co. Trims Stake in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

JPMorgan Chase & Co. lessened its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 38.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,025,828 shares of the company’s stock after selling 628,292 shares during the period. JPMorgan Chase & Co. owned about 0.74% of Atour Lifestyle worth $38,561,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ATAT. Arrowstreet Capital Limited Partnership boosted its holdings in Atour Lifestyle by 135.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 806,445 shares of the company’s stock valued at $26,218,000 after acquiring an additional 463,656 shares during the period. Hel Ved Capital Management Ltd bought a new position in Atour Lifestyle in the 2nd quarter valued at $2,724,000. Aberdeen Group plc increased its stake in Atour Lifestyle by 22.7% in the third quarter. Aberdeen Group plc now owns 908,024 shares of the company’s stock worth $33,937,000 after purchasing an additional 167,730 shares during the period. Triata Capital Ltd lifted its position in shares of Atour Lifestyle by 55.5% during the third quarter. Triata Capital Ltd now owns 665,269 shares of the company’s stock worth $25,007,000 after purchasing an additional 237,466 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of Atour Lifestyle during the second quarter worth $5,945,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

ATAT stock opened at $36.88 on Friday. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $21.50 and a one year high of $43.17. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 1.12 and a beta of 0.76. The firm has a 50-day simple moving average of $37.61 and a two-hundred day simple moving average of $38.70.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings data on Tuesday, March 17th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The firm had revenue of $398.47 million for the quarter, compared to the consensus estimate of $397.20 million. Atour Lifestyle had a net margin of 16.58% and a return on equity of 46.96%. As a group, equities analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on ATAT shares. Morgan Stanley restated an “overweight” rating and issued a $45.00 price target on shares of Atour Lifestyle in a report on Tuesday. CLSA began coverage on shares of Atour Lifestyle in a report on Friday, January 2nd. They set an “outperform” rating and a $49.00 price objective for the company. Zacks Research downgraded shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Citigroup raised their target price on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Finally, Wall Street Zen lowered Atour Lifestyle from a “buy” rating to a “hold” rating in a report on Saturday. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Atour Lifestyle has an average rating of “Moderate Buy” and an average price target of $48.00.

Atour Lifestyle Profile

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.