BRIGHT VALLEY CAPITAL Ltd acquired a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 300,000 shares of the company's stock, valued at approximately $8,505,000. Atour Lifestyle comprises approximately 2.9% of BRIGHT VALLEY CAPITAL Ltd's investment portfolio, making the stock its 7th largest position. BRIGHT VALLEY CAPITAL Ltd owned 0.22% of Atour Lifestyle as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Atlas Capital Advisors Inc. bought a new stake in shares of Atour Lifestyle in the 1st quarter valued at $27,000. AdvisorShares Investments LLC bought a new stake in shares of Atour Lifestyle in the 4th quarter valued at $188,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Atour Lifestyle in the 1st quarter valued at $209,000. Pinnacle Associates Ltd. bought a new stake in shares of Atour Lifestyle in the 1st quarter valued at $213,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Atour Lifestyle in the 1st quarter valued at $215,000. Institutional investors own 17.79% of the company's stock.
Atour Lifestyle Price Performance
Atour Lifestyle stock opened at $35.28 on Thursday. The firm has a 50-day moving average of $33.78 and a 200-day moving average of $30.15. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $16.17 and a one year high of $37.46. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 1.04 and a beta of 0.82.
Atour Lifestyle declared that its board has approved a share buyback program on Thursday, May 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.
Atour Lifestyle Increases Dividend
The firm also recently disclosed an annual dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.42 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 130.0%. This is a positive change from Atour Lifestyle's previous annual dividend of $0.40. Atour Lifestyle's dividend payout ratio (DPR) is currently 30.95%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Citigroup reaffirmed a "buy" rating and issued a $38.00 target price (up from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Wall Street Zen lowered shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.63.
Check Out Our Latest Analysis on ATAT
Atour Lifestyle Company 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.
See Also
Want to see what other hedge funds are holding ATAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report).
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