JPMorgan Chase & Co. Buys 315,534 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

by · The Cerbat Gem

JPMorgan Chase & Co. grew its position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Free Report) by 23.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,654,120 shares of the company’s stock after buying an additional 315,534 shares during the quarter. JPMorgan Chase & Co.’s holdings in Atour Lifestyle were worth $53,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in Atour Lifestyle by 867.6% in the first quarter. The Manufacturers Life Insurance Company now owns 645,399 shares of the company’s stock valued at $18,297,000 after acquiring an additional 578,697 shares during the period. BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of Atour Lifestyle during the 1st quarter valued at about $8,505,000. AIA Group Ltd purchased a new stake in shares of Atour Lifestyle during the 1st quarter valued at about $307,000. ABN Amro Investment Solutions bought a new position in shares of Atour Lifestyle in the 2nd quarter worth approximately $3,601,000. Finally, HighTower Advisors LLC lifted its stake in shares of Atour Lifestyle by 79.6% in the 1st quarter. HighTower Advisors LLC now owns 34,173 shares of the company’s stock worth $969,000 after purchasing an additional 15,146 shares during the period. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Shares of Atour Lifestyle stock opened at $37.77 on Monday. Atour Lifestyle Holdings Limited Sponsored ADR has a fifty-two week low of $21.50 and a fifty-two week high of $42.34. The company has a market capitalization of $5.22 billion, a P/E ratio of 25.69, a P/E/G ratio of 1.04 and a beta of 0.80. The company has a fifty day moving average of $37.95 and a 200 day moving average of $35.75.

Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $368.95 million for the quarter, compared to analysts’ expectations of $340.27 million. Atour Lifestyle had a return on equity of 44.62% and a net margin of 16.21%. Atour Lifestyle has set its FY 2025 guidance at EPS. Analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Atour Lifestyle Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a yield of 97.0%. Atour Lifestyle’s payout ratio is currently 26.53%.

Wall Street Analysts Forecast Growth

ATAT has been the subject of a number of research reports. JPMorgan Chase & Co. began coverage on shares of Atour Lifestyle in a report on Wednesday, November 12th. They set an “overweight” rating and a $57.00 target price for the company. Citigroup boosted their price objective on shares of Atour Lifestyle from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Macquarie raised their target price on Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Zacks Research upgraded Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat, Atour Lifestyle has an average rating of “Buy” and a consensus target price of $43.21.

Get Our Latest Stock Analysis on Atour Lifestyle

Atour Lifestyle Profile

(Free Report)

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.

Further Reading

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