WFM ASIA BVI Ltd acquired a new position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 615,293 shares of the company's stock, valued at approximately $17,444,000. Atour Lifestyle accounts for approximately 1.9% of WFM ASIA BVI Ltd's holdings, making the stock its 6th largest holding. WFM ASIA BVI Ltd owned about 0.45% of Atour Lifestyle at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlas Capital Advisors Inc. purchased a new stake in shares of Atour Lifestyle during the 1st quarter worth about $27,000. Leading Securities Co Ltd lifted its position in shares of Atour Lifestyle by 2.2% during the 1st quarter. Leading Securities Co Ltd now owns 53,226 shares of the company's stock worth $1,509,000 after purchasing an additional 1,137 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Atour Lifestyle by 3.0% in the first quarter. Envestnet Asset Management Inc. now owns 53,827 shares of the company's stock valued at $1,526,000 after acquiring an additional 1,549 shares during the period. Jump Financial LLC grew its position in Atour Lifestyle by 1.5% in the 4th quarter. Jump Financial LLC now owns 180,409 shares of the company's stock worth $4,851,000 after purchasing an additional 2,620 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Atour Lifestyle by 31.0% during the first quarter. Deutsche Bank AG now owns 11,438 shares of the company's stock valued at $324,000 after acquiring an additional 2,708 shares during the period. Institutional investors and hedge funds own 17.79% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Citigroup reissued a "buy" rating and set a $38.00 price objective (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.63.
Read Our Latest Research Report on Atour Lifestyle
Atour Lifestyle Stock Up 1.2%
ATAT stock traded up $0.40 during midday trading on Friday, reaching $34.88. The stock had a trading volume of 515,317 shares, compared to its average volume of 1,041,363. The business has a fifty day simple moving average of $33.85 and a two-hundred day simple moving average of $30.21. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.01 and a beta of 0.82. Atour Lifestyle Holdings Limited Sponsored ADR has a twelve month low of $16.17 and a twelve month high of $37.46.
Atour Lifestyle Increases Dividend
The firm also recently announced an annual dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.42 per share. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. This represents a yield of 130.0%. The ex-dividend date was Monday, June 2nd. Atour Lifestyle's dividend payout ratio is presently 30.95%.
Atour Lifestyle announced that its board has approved a stock repurchase plan on Thursday, May 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.
About Atour Lifestyle
(
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.
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