Aspex Management HK Ltd Acquires 804,245 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Aspex Management HK Ltd grew its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 17.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,314,881 shares of the company’s stock after buying an additional 804,245 shares during the period. Atour Lifestyle makes up 3.8% of Aspex Management HK Ltd’s investment portfolio, making the stock its 12th biggest position. Aspex Management HK Ltd’s holdings in Atour Lifestyle were worth $172,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATAT. SG Americas Securities LLC increased its position in shares of Atour Lifestyle by 11,289.7% during the second quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company’s stock worth $45,211,000 after buying an additional 1,378,476 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in Atour Lifestyle by 173.9% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,381,600 shares of the company’s stock valued at $44,916,000 after acquiring an additional 877,153 shares during the last quarter. Walleye Capital LLC grew its holdings in Atour Lifestyle by 400.8% during the 1st quarter. Walleye Capital LLC now owns 897,429 shares of the company’s stock worth $25,442,000 after acquiring an additional 718,240 shares during the period. WFM ASIA BVI Ltd bought a new position in shares of Atour Lifestyle in the 1st quarter worth about $17,444,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Atour Lifestyle by 867.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 645,399 shares of the company’s stock valued at $18,297,000 after purchasing an additional 578,697 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Macquarie raised their target price on Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday. Zacks Research raised shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. assumed coverage on shares of Atour Lifestyle in a research note on Wednesday, November 12th. They set an “overweight” rating and a $57.00 target price on the stock. Finally, Jefferies Financial Group started coverage on shares of Atour Lifestyle in a research note on Monday, September 29th. They issued a “buy” rating and a $48.00 price target for the company. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $43.21.

Atour Lifestyle Stock Up 1.6%

Shares of NASDAQ:ATAT opened at $37.76 on Thursday. Atour Lifestyle Holdings Limited Sponsored ADR has a twelve month low of $21.50 and a twelve month high of $42.34. The stock’s 50 day moving average is $38.03 and its 200-day moving average is $35.59. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 1.02 and a beta of 0.79.

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

Atour Lifestyle Cuts Dividend

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

Atour Lifestyle 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.