27,825 Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 341.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 35,963 shares of the company’s stock after buying an additional 27,825 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Atour Lifestyle were worth $1,173,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vontobel Holding Ltd. raised its position in shares of Atour Lifestyle by 2.8% during the third quarter. Vontobel Holding Ltd. now owns 233,286 shares of the company’s stock worth $7,610,000 after acquiring an additional 6,269 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Atour Lifestyle by 3.4% during the third quarter. TD Waterhouse Canada Inc. now owns 20,554 shares of the company’s stock valued at $663,000 after acquiring an additional 672 shares during the period. Fortitude Family Office LLC bought a new position in Atour Lifestyle in the third quarter valued at about $26,000. Farther Finance Advisors LLC boosted its holdings in Atour Lifestyle by 1,309.4% in the third quarter. Farther Finance Advisors LLC now owns 1,804 shares of the company’s stock valued at $59,000 after acquiring an additional 1,676 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in Atour Lifestyle by 19.6% in the second quarter. Engineers Gate Manager LP now owns 23,302 shares of the company’s stock valued at $741,000 after acquiring an additional 3,816 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on ATAT shares. Weiss Ratings raised Atour Lifestyle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. Finally, HSBC initiated coverage on shares of Atour Lifestyle in a research report on Wednesday, October 7th. They set a “buy” rating and a $39.70 price target for the company. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.62.

Atour Lifestyle Stock Performance

Shares of Atour Lifestyle stock opened at $32.65 on Tuesday. The firm has a fifty day moving average of $33.31 and a two-hundred day moving average of $35.24. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.84 and a beta of 0.66. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $30.77 and a 52 week high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%. The business had revenue of $513.74 million for the quarter, compared to analyst estimates of $484.56 million. As a group, research analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.13 EPS for the current fiscal year.

About Atour Lifestyle

Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a China-based hospitality and lifestyle company that operates a network of hotel brands and related businesses. Founded in 2013 and headquartered in Shanghai, the company focuses primarily on midscale and upscale hotels in China, serving business and leisure travelers through a combination of directly operated, franchised and managed properties.

Atour’s portfolio includes its flagship Atour brand as well as other hotel concepts designed for different customer segments and travel occasions, including Atour S, Atour X and Light.