FIL Investment Management recently announced the acquisition of new stake in Atour Lifestyle Holdings Ltd ADR (NASDAQ:ATAT). This fresh investment now brings its stake to 1.99% valued currently at $37.67 million. In addition, Sylebra Capital LLC raised its holdings by 1.17 million to 1.17 million shares. And Bank of America, NA has lifted its position by 3,173.75% or 0.95 million shares – to 0.98 million shares.
With over 0.47 million Atour Lifestyle Holdings Ltd ADR (ATAT) shares trading Friday and a closing price of $17.14 on the day, the dollar volume was approximately $8.01 million. The shares have shown a positive half year performance of 8.48% and its price on 12/22/23 lost nearly -1.04%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The top 3 mutual fund holders in Atour Lifestyle Holdings Ltd ADR are Fidelity Funds SICAV – China Cons, Fidelity China Special Situations, and China AMC Global Selective Fund. Fidelity Funds SICAV – China Cons owns 1.99 million shares of the company’s stock, all valued at over $35.37 million. The company sold 2911.0 shares recently to bring their total holdings to about 1.86% of the shares outstanding. Fidelity China Special Situations bought 73468.0 shares to see its total holdings expand to 0.44 million shares valued at over $7.78 million and representing 0.41% of the shares outstanding. China AMC Global Selective Fund bought 0.38 million shares to bring its total holdings to over 0.38 million shares at a value of $6.77 million. China AMC Global Selective Fund now owns shares totaling to 0.36% of the shares outstanding.
Shares of Atour Lifestyle Holdings Ltd ADR (NASDAQ: ATAT) opened at $17.19, down -$0.13 from a prior closing price of $17.32. However, the script later moved the day high at 17.31, down -1.04%. The company’s stock has a 5-day price change of 0.18% and -6.80% over the past three months. ATAT shares are trading -4.88% year to date (YTD), with the 12-month market performance down to -8.44% lower. It has a 12-month low price of $14.80 and touched a high of $29.40 over the same period. ATAT has an average intraday trading volume of 473.79K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.84%, -5.74%, and -11.97% respectively.
Institutional ownership of Atour Lifestyle Holdings Ltd ADR (NASDAQ: ATAT) shares accounts for 12.03% of the company’s 106.56M shares outstanding. Mutual fund holders own 5.32%, while other institutional holders and individual stakeholders account for 6.71% and — respectively.
It has a market capitalization of $1.83B and a beta (3y monthly) value of 0.61. The stock’s trailing 12-month PE ratio is 39.47, while the earnings-per-share (ttm) stands at $0.43. The company has a PEG of 1.78 and a Quick Ratio of 1.72 with the debt-to-equity ratio at 1.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.76% over the week and 3.64% over the month.
Analysts forecast that Atour Lifestyle Holdings Ltd ADR (ATAT) will achieve an EPS of $0.21 for the current quarter, $0.23 for the next quarter and $1.18 for 2024. The lowest estimate earnings-per-share for the quarter is $0.19 while analysts give the company a high EPS estimate of $0.23. Earnings per share for the fiscal year are expected to increase by 1904.97%, and 45.36% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Atour Lifestyle Holdings Ltd ADR (ATAT) as a “Strong Buy” at a consensus score of 1.08. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 0 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ATAT, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on August 30, 2023, with the firm’s price target at $36.
