Sylebra Capital LLC Trims Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Sylebra Capital LLC decreased its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 31.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 758,245 shares of the company's stock after selling 353,479 shares during the period. Atour Lifestyle makes up 0.8% of Sylebra Capital LLC's investment portfolio, making the stock its 21st largest holding. Sylebra Capital LLC owned approximately 0.55% of Atour Lifestyle worth $20,389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of ATAT. Mackenzie Financial Corp bought a new stake in Atour Lifestyle during the fourth quarter worth about $5,666,000. Public Employees Retirement System of Ohio boosted its stake in Atour Lifestyle by 793.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 49,134 shares of the company's stock worth $1,321,000 after acquiring an additional 43,634 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in Atour Lifestyle by 120.2% during the fourth quarter. Voloridge Investment Management LLC now owns 1,028,543 shares of the company's stock worth $27,658,000 after acquiring an additional 561,365 shares in the last quarter. Woodline Partners LP bought a new stake in Atour Lifestyle during the fourth quarter worth about $4,336,000. Finally, Squarepoint Ops LLC bought a new stake in Atour Lifestyle during the fourth quarter worth about $683,000. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Stock Up 1.2%

Shares of NASDAQ ATAT traded up $0.38 during midday trading on Wednesday, hitting $31.40. The stock had a trading volume of 2,792,515 shares, compared to its average volume of 1,269,430. The business's 50 day moving average is $26.90 and its 200-day moving average is $27.48. Atour Lifestyle Holdings Limited has a 52 week low of $15.22 and a 52 week high of $34.23. The company has a market cap of $4.34 billion, a P/E ratio of 27.07, a PEG ratio of 0.59 and a beta of 0.59.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, beating 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 firm had revenue of $285.58 million during the quarter, compared to analysts' expectations of $275.49 million. As a group, analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Atour Lifestyle declared that its board has authorized a stock repurchase plan on Thursday, May 22nd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are 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. This represents a dividend yield of 1.3%. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date of this dividend is Monday, June 2nd. Atour Lifestyle's payout ratio is presently 33.33%.

Analysts Set New Price Targets

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

Atour Lifestyle 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.