BRIGHT VALLEY CAPITAL Ltd Purchases Shares of 300,000 Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• BRIGHT VALLEY CAPITAL Ltd acquired 300,000 shares of Atour Lifestyle Holdings Limited, valued at approximately $8.5 million, making it the fund's 7th largest position.
• Atour Lifestyle has announced a dividend increase to $0.42 per share, reflecting a dividend yield of 130.0% and a payout ratio of 30.95%.
• The company also approved a share buyback program, which typically indicates that the board believes the stock is undervalued.

BRIGHT VALLEY CAPITAL Ltd purchased a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 300,000 shares of the company's stock, valued at approximately $8,505,000. Atour Lifestyle accounts for approximately 2.9% of BRIGHT VALLEY CAPITAL Ltd's portfolio, making the stock its 7th largest position. BRIGHT VALLEY CAPITAL Ltd owned approximately 0.22% of Atour Lifestyle at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ATAT. E Fund Management Co. Ltd. bought a new position in shares of Atour Lifestyle in the first quarter worth $1,376,000. WFM ASIA BVI Ltd bought a new position in shares of Atour Lifestyle in the first quarter worth $17,444,000. HighTower Advisors LLC increased its holdings in shares of Atour Lifestyle by 79.6% in the first 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. AIA Group Ltd bought a new position in shares of Atour Lifestyle in the first quarter worth $307,000. Finally, Nuveen LLC bought a new position in shares of Atour Lifestyle in the first quarter worth $839,000. 17.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ATAT. Citigroup reaffirmed a "buy" rating and issued a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Wall Street Zen cut shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Atour Lifestyle presently has an average rating of "Moderate Buy" and an average target price of $36.63.

Atour Lifestyle Stock Down 0.0%

NASDAQ:ATAT traded down $0.01 during midday trading on Monday, hitting $34.87. The company had a trading volume of 641,391 shares, compared to its average volume of 1,305,141. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $16.17 and a 52-week high of $37.46. The stock's fifty day moving average price is $33.93 and its 200-day moving average price is $30.29. The company has a market capitalization of $4.82 billion, a PE ratio of 27.67, a P/E/G ratio of 1.02 and a beta of 0.82.

Atour Lifestyle declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 22nd that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Atour Lifestyle Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were given a $0.42 dividend. This represents a yield of 130.0%. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date was Monday, June 2nd. Atour Lifestyle's dividend payout ratio (DPR) is presently 30.95%.

Atour Lifestyle Company Profile

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.