Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Purchased by M&G PLC

M&G PLC increased its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 18.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,421,761 shares of the company’s stock after purchasing an additional 854,637 shares during the period. M&G PLC’s holdings in Atour Lifestyle were worth $178,918,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Atour Lifestyle by 4,087.8% during the third quarter. Parallel Advisors LLC now owns 1,717 shares of the company’s stock worth $56,000 after acquiring an additional 1,676 shares during the period. Commonwealth Equity Services LLC increased its position in Atour Lifestyle by 1.8% during the third quarter. Commonwealth Equity Services LLC now owns 24,990 shares of the company’s stock worth $815,000 after buying an additional 430 shares in the last quarter. AIA Group Ltd increased its position in Atour Lifestyle by 18.0% during the third quarter. AIA Group Ltd now owns 266,078 shares of the company’s stock worth $8,679,000 after buying an additional 40,611 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of Atour Lifestyle in the third quarter worth $200,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Atour Lifestyle by 567.0% in the third quarter. Asset Management One Co. Ltd. now owns 52,777 shares of the company’s stock worth $1,722,000 after acquiring an additional 44,864 shares during the last quarter. 17.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Zacks Research cut Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Atour Lifestyle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. HSBC began coverage on Atour Lifestyle in a research note on Wednesday, October 7th. They set a “buy” rating and a $39.70 price target for the company. Finally, Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.62.

Atour Lifestyle Stock Performance

Atour Lifestyle stock opened at $35.73 on Tuesday. The company has a market cap of $4.91 billion, a P/E ratio of 17.60, a PEG ratio of 0.98 and a beta of 0.66. Atour Lifestyle Holdings Limited Sponsored ADR has a 1 year low of $30.07 and a 1 year high of $43.17. The firm’s 50-day moving average is $33.01 and its 200-day moving average is $34.99.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results on Thursday, August 20th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $513.74 million for the quarter, compared to analysts’ expectations of $484.56 million. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. As a group, sell-side analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.16 earnings per share for the current year.

About Atour Lifestyle

Atour Lifestyle Holdings Limited is a China-based hospitality company that operates a network of hotels under brands including Atour, Atour S and Atour Light. Its hotels emphasize comfortable accommodations, service and design inspired by local culture.

The company primarily expands through hotel management and franchise arrangements, working with property owners and operators rather than relying solely on hotels it owns. Its services include hotel operations, reservations and guest experiences.

Atour also sells lifestyle products, including bedding and other sleep-related goods, through its retail business.