AI Squared Management Ltd lessened its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 47.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 198,030 shares of the company's stock after selling 176,600 shares during the period. Atour Lifestyle makes up 5.2% of AI Squared Management Ltd's investment portfolio, making the stock its 6th largest holding. AI Squared Management Ltd owned 0.14% of Atour Lifestyle worth $5,614,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Pictet Asset Management Holding SA acquired a new position in Atour Lifestyle during the fourth quarter worth about $155,000. AdvisorShares Investments LLC acquired a new position in Atour Lifestyle during the fourth quarter valued at approximately $188,000. Robeco Institutional Asset Management B.V. acquired a new position in Atour Lifestyle during the first quarter valued at approximately $209,000. Pinnacle Associates Ltd. acquired a new position in shares of Atour Lifestyle during the first quarter worth $213,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Atour Lifestyle during the first quarter worth $215,000. Hedge funds and other institutional investors own 17.79% of the company's stock.
Atour Lifestyle Stock Performance
NASDAQ ATAT traded down $0.50 on Monday, reaching $34.88. The company's stock had a trading volume of 235,453 shares, compared to its average volume of 1,321,504. Atour Lifestyle Holdings Limited Sponsored ADR has a twelve month low of $16.17 and a twelve month high of $37.46. The stock has a market cap of $4.82 billion, a PE ratio of 27.75, a PEG ratio of 1.04 and a beta of 0.82. The firm's 50 day moving average is $33.54 and its two-hundred day moving average is $30.03.
Atour Lifestyle announced that its board has approved a share repurchase plan on Thursday, May 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.
Atour Lifestyle Increases Dividend
The company also recently disclosed an annual dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were paid 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 of this dividend was Monday, June 2nd. Atour Lifestyle's payout ratio is currently 30.95%.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Citigroup reissued a "buy" rating and set a $38.00 target price (up from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen lowered shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.63.
View Our Latest Report on Atour Lifestyle
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.
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