Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 21.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,354 shares of the company’s stock after selling 29,793 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Atour Lifestyle were worth $4,111,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ATAT. Y Intercept Hong Kong Ltd boosted its position in Atour Lifestyle by 11.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 36,495 shares of the company’s stock valued at $1,372,000 after buying an additional 3,606 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in Atour Lifestyle by 44.5% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,995,943 shares of the company’s stock worth $75,027,000 after purchasing an additional 614,343 shares in the last quarter. Stegent Equity Advisors Inc. acquired a new stake in Atour Lifestyle in the 3rd quarter valued at about $487,000. Ritholtz Wealth Management increased its stake in shares of Atour Lifestyle by 23.3% during the third quarter. Ritholtz Wealth Management now owns 11,158 shares of the company’s stock worth $419,000 after buying an additional 2,107 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Atour Lifestyle during the third quarter worth approximately $113,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ATAT has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. began coverage on shares of Atour Lifestyle in a research report on Wednesday, November 12th. They set an “overweight” rating and a $57.00 price objective for the company. CLSA assumed coverage on shares of Atour Lifestyle in a research note on Friday, January 2nd. They set an “outperform” rating and a $49.00 target price for the company. Zacks Research lowered Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Finally, Macquarie raised their price target on Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.30.

Atour Lifestyle Price Performance

NASDAQ ATAT opened at $35.74 on Monday. The firm’s fifty day moving average price is $39.80 and its 200 day moving average price is $38.20. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $21.50 and a 12 month high of $43.17. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data 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 company 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 44.62%. As a group, sell-side analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current year.

Atour Lifestyle Cuts Dividend

The company also recently declared an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a yield of 84.0%. Atour Lifestyle’s 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.