Jupiter Asset Management Ltd. Increases Stake in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Jupiter Asset Management Ltd. raised its position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 244.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 584,990 shares of the company’s stock after purchasing an additional 415,190 shares during the quarter. Jupiter Asset Management Ltd. owned 0.42% of Atour Lifestyle worth $21,990,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP increased its position in shares of Atour Lifestyle by 108.5% during the third quarter. GSA Capital Partners LLP now owns 38,231 shares of the company’s stock valued at $1,437,000 after acquiring an additional 19,894 shares in the last quarter. Vanguard Group Inc. lifted its position in Atour Lifestyle by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,779,715 shares of the company’s stock valued at $104,489,000 after acquiring an additional 56,002 shares in the last quarter. Aberdeen Group plc boosted its stake in Atour Lifestyle by 22.7% during the 3rd quarter. Aberdeen Group plc now owns 908,024 shares of the company’s stock valued at $33,937,000 after purchasing an additional 167,730 shares during the last quarter. Assetmark Inc. bought a new stake in shares of Atour Lifestyle in the 3rd quarter worth $37,000. Finally, Profund Advisors LLC purchased a new position in shares of Atour Lifestyle in the third quarter worth $216,000. Institutional investors own 17.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. CLSA assumed coverage on Atour Lifestyle in a research report on Friday, January 2nd. They set an “outperform” rating and a $49.00 price objective on the stock. Citigroup upped their target price on shares of Atour Lifestyle from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Macquarie Infrastructure lifted their price target on shares of Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, January 21st. Finally, Zacks Research cut shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.30.

Atour Lifestyle Stock Up 0.9%

NASDAQ ATAT opened at $38.96 on Friday. The company has a 50-day moving average price of $39.09 and a 200-day moving average price of $38.46. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $21.50 and a 52 week high of $43.17. The firm has a market capitalization of $5.38 billion, a P/E ratio of 26.50, a PEG ratio of 0.80 and a beta of 0.80.

Atour Lifestyle (NASDAQ:ATAT) last posted 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 net margin of 16.21% and a return on equity of 44.62%. The company had revenue of $368.95 million for the quarter, compared to the consensus estimate of $340.27 million. As a group, equities research analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Atour Lifestyle Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were paid a $0.36 dividend. This represents a dividend yield of 84.0%. The ex-dividend date was Friday, December 5th. Atour Lifestyle’s dividend payout ratio is 22.45%.

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.