Public Employees Retirement System of Ohio grew its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 793.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,134 shares of the company's stock after purchasing an additional 43,634 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Atour Lifestyle were worth $1,321,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. OLP CAPITAL MANAGEMENT Ltd raised its holdings in shares of Atour Lifestyle by 17.1% in the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock valued at $193,672,000 after acquiring an additional 1,052,822 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Atour Lifestyle by 8.3% in the fourth quarter. Bank of America Corp DE now owns 3,534,543 shares of the company's stock valued at $95,044,000 after acquiring an additional 269,656 shares in the last quarter. Man Group plc raised its holdings in shares of Atour Lifestyle by 21.8% in the fourth quarter. Man Group plc now owns 2,051,797 shares of the company's stock valued at $55,173,000 after acquiring an additional 366,872 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Atour Lifestyle by 39.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock valued at $38,012,000 after acquiring an additional 402,974 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Atour Lifestyle in the fourth quarter valued at about $36,489,000. 17.79% of the stock is owned by hedge funds and other institutional investors.
Atour Lifestyle Price Performance
Shares of ATAT stock traded down $0.23 during mid-day trading on Friday, hitting $31.03. 943,572 shares of the stock traded hands, compared to its average volume of 1,282,165. The stock has a market cap of $4.29 billion, a P/E ratio of 26.75, a P/E/G ratio of 0.59 and a beta of 0.83. The stock's fifty day moving average is $27.23 and its two-hundred day moving average is $27.71. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-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 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. As a group, equities analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.
Atour Lifestyle declared that its board has initiated a stock buyback plan on Thursday, May 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
Atour Lifestyle Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 1.3%. This is an increase from Atour Lifestyle's previous annual dividend of $0.40. Atour Lifestyle's dividend payout ratio is 30.95%.
Wall Street Analyst Weigh In
ATAT has been the subject of several recent research reports. Citigroup restated a "buy" rating and issued a $38.00 price objective (up from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th. Wall Street Zen lowered shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Bank of America increased their price target on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.63.
Read Our Latest Stock Analysis on ATAT
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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