Calamos Advisors LLC Makes New Investment in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT)

Calamos Advisors LLC purchased a new stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,030 shares of the company's stock, valued at approximately $823,000.

Several other institutional investors also recently added to or reduced their stakes in ATAT. Mirae Asset Global Investments Co. Ltd. grew its position in Atour Lifestyle by 3,189.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock valued at $73,227,000 after buying an additional 2,504,461 shares during the period. Principal Financial Group Inc. purchased a new stake in Atour Lifestyle during the first quarter valued at about $68,322,000. Norges Bank purchased a new stake in Atour Lifestyle during the fourth quarter valued at about $36,489,000. OLP CAPITAL MANAGEMENT Ltd lifted its holdings in Atour Lifestyle by 17.1% during the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock valued at $193,672,000 after purchasing an additional 1,052,822 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in Atour Lifestyle during the fourth quarter valued at about $24,433,000. Institutional investors own 17.79% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Bank of America upped their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a report on Friday, March 14th. Citigroup restated a "buy" rating and set a $38.00 price target (up from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Finally, Wall Street Zen raised Atour Lifestyle from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $36.63.

Atour Lifestyle Stock Performance

ATAT traded down $0.18 on Thursday, reaching $36.03. The company had a trading volume of 2,901,316 shares, compared to its average volume of 1,358,537. The business has a 50 day simple moving average of $30.97 and a 200 day simple moving average of $28.65. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.02 and a beta of 0.82. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $15.22 and a 52-week high of $37.46.

Atour Lifestyle Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were paid a $0.42 dividend. This is an increase from Atour Lifestyle's previous annual dividend of $0.40. This represents a yield of 1.3%. The ex-dividend date of this dividend was Monday, June 2nd. Atour Lifestyle's dividend payout ratio (DPR) is currently 30.95%.

Atour Lifestyle declared that its board has approved a stock repurchase program on Thursday, May 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

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.