Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Purchased by Citigroup Inc.

Key Points

• Citigroup Inc. increased its stake in Atour Lifestyle Holdings by 16.0%, acquiring 58,146 shares, bringing its total ownership to 422,425 shares valued at approximately $11.97 million.
• Atour Lifestyle recently announced an annual dividend of $0.42 per share, reflecting a yield of 130.0%, which is an increase from the previous dividend of $0.40.
• Shares of Atour Lifestyle Holdings traded at $34.88, with a market capitalization of $4.82 billion and a price-to-earnings ratio of 27.68.

Citigroup Inc. lifted its position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 16.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 422,425 shares of the company's stock after purchasing an additional 58,146 shares during the period. Citigroup Inc. owned about 0.31% of Atour Lifestyle worth $11,976,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ATAT. Alliancebernstein L.P. lifted its position in shares of Atour Lifestyle by 758.5% during the 4th quarter. Alliancebernstein L.P. now owns 83,098 shares of the company's stock worth $2,235,000 after purchasing an additional 73,418 shares during the last quarter. Geode Capital Management LLC raised its stake in Atour Lifestyle by 34.2% during the 4th quarter. Geode Capital Management LLC now owns 92,855 shares of the company's stock worth $2,497,000 after acquiring an additional 23,684 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Atour Lifestyle during the 4th quarter worth $1,406,000. Invesco Ltd. raised its stake in Atour Lifestyle by 5.4% during the 4th quarter. Invesco Ltd. now owns 67,117 shares of the company's stock worth $1,805,000 after acquiring an additional 3,437 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Atour Lifestyle by 5,563.8% during the 4th quarter. Legal & General Group Plc now owns 72,100 shares of the company's stock worth $1,939,000 after acquiring an additional 70,827 shares in the last quarter. 17.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ATAT. Wall Street Zen lowered shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Citigroup reiterated a "buy" rating and set a $38.00 price target (up from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Atour Lifestyle presently has an average rating of "Buy" and a consensus price target of $36.63.

Atour Lifestyle Price Performance

Shares of ATAT stock traded down $0.1430 during mid-day trading on Tuesday, hitting $34.7270. The stock had a trading volume of 150,148 shares, compared to its average volume of 1,297,527. Atour Lifestyle Holdings Limited Sponsored ADR has a fifty-two week low of $16.17 and a fifty-two week high of $37.46. The company's 50-day simple moving average is $33.99 and its 200-day simple moving average is $30.34. The firm has a market cap of $4.80 billion, a PE ratio of 27.56, a PEG ratio of 1.02 and a beta of 0.82.

Atour Lifestyle announced that its board has authorized a share buyback plan on Thursday, May 22nd that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Atour Lifestyle Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.42 per share. This is a positive change from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 130.0%. Atour Lifestyle's dividend payout ratio (DPR) is currently 30.95%.

Atour Lifestyle Company 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.