Bank of America Corp DE Sells 973,655 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Bank of America reduced its Atour Lifestyle stake by 28.7%, selling 973,655 shares in the first quarter and retaining 2.41 million shares valued at approximately $88.9 million.
• Atour reported quarterly adjusted EPS of $0.48, beating estimates of $0.37, while revenue reached $407.7 million versus the $379.7 million consensus forecast.
• Analysts maintain a generally positive view, with eight Buy ratings and one Hold, an average “Moderate Buy” rating, and a $48 target price compared with the stock’s recent $35.31 price.

Bank of America Corp DE reduced its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 28.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,414,148 shares of the company's stock after selling 973,655 shares during the period. Bank of America Corp DE owned 1.75% of Atour Lifestyle worth $88,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATAT. Goldman Sachs Group Inc. grew its stake in Atour Lifestyle by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company's stock worth $40,739,000 after purchasing an additional 14,453 shares during the period. American Century Companies Inc. increased its holdings in Atour Lifestyle by 13.8% in the second quarter. American Century Companies Inc. now owns 68,633 shares of the company's stock worth $2,231,000 after purchasing an additional 8,332 shares in the last quarter. First Trust Advisors LP acquired a new position in Atour Lifestyle in the second quarter valued at approximately $1,586,000. Jump Financial LLC lifted its stake in Atour Lifestyle by 38.0% in the second quarter. Jump Financial LLC now owns 62,192 shares of the company's stock valued at $2,022,000 after buying an additional 17,124 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in Atour Lifestyle by 172.5% in the second quarter. Qube Research & Technologies Ltd now owns 975,098 shares of the company's stock valued at $31,700,000 after buying an additional 617,292 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Price Performance

Shares of ATAT opened at $35.31 on Friday. The stock has a 50-day moving average of $33.07 and a 200-day moving average of $35.74. The company has a market cap of $4.85 billion, a PE ratio of 18.98, a P/E/G ratio of 0.98 and a beta of 0.64. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $30.77 and a one year high of $43.17.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.11. The business had revenue of $407.74 million during the quarter, compared to analyst estimates of $379.74 million. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%. Analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.1 EPS for the current fiscal year.

Atour Lifestyle Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were issued a dividend of $0.54 per share. This is a positive change from Atour Lifestyle's previous annual dividend of $0.36. This represents a dividend yield of 162.0%. The ex-dividend date was Friday, June 5th. Atour Lifestyle's dividend payout ratio is presently 27.42%.

Analysts Set New Price Targets

Several analysts have recently commented on ATAT shares. Zacks Research downgraded shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded shares of Atour Lifestyle from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Atour Lifestyle currently has an average rating of "Moderate Buy" and an average target price of $48.00.

Atour Lifestyle Profile

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company's core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.

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