Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 139.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,476 shares of the company's stock after purchasing an additional 43,931 shares during the period. Northern Trust Corp owned approximately 0.05% of Atour Lifestyle worth $2,030,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ATAT. JPMorgan Chase & Co. increased its position in shares of Atour Lifestyle by 39.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock valued at $38,012,000 after buying an additional 402,974 shares during the period. Norges Bank bought a new stake in shares of Atour Lifestyle during the 4th quarter valued at $36,489,000. Renaissance Technologies LLC increased its holdings in Atour Lifestyle by 56.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,218,468 shares of the company's stock valued at $32,765,000 after acquiring an additional 441,200 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Atour Lifestyle by 20.3% in the 4th quarter. Schroder Investment Management Group now owns 1,203,723 shares of the company's stock worth $31,971,000 after buying an additional 203,037 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Atour Lifestyle in the 4th quarter worth $24,433,000. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Trading Up 2.0%

Shares of Atour Lifestyle stock traded up $0.63 during trading on Thursday, reaching $32.03. The company's stock had a trading volume of 905,331 shares, compared to its average volume of 1,268,079. The firm has a market cap of $4.43 billion, a PE ratio of 27.60, a P/E/G ratio of 0.59 and a beta of 0.59. The company has a 50-day moving average price of $26.90 and a two-hundred day moving average price of $27.48. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $34.23.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The company had revenue of $285.58 million for the quarter, compared to analysts' expectations of $275.49 million. On average, analysts predict that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle announced that its board has authorized a share repurchase program on Thursday, May 22nd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually 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 will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be given a $0.42 dividend. This is an increase from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.3%. Atour Lifestyle's dividend payout ratio (DPR) is 33.33%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ATAT shares. Citigroup reissued a "buy" rating and issued a $38.00 price objective (up from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the stock a "buy" rating in a report on Thursday, March 6th. Wall Street Zen upgraded shares of Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, Bank of America raised their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research note on Friday, March 14th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Atour Lifestyle currently has a consensus rating of "Buy" and a consensus price target of $36.63.

About Atour Lifestyle

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.