E Fund Management Hong Kong Co. Ltd. purchased a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 36,339 shares of the company's stock, valued at approximately $1,030,000. Atour Lifestyle accounts for about 0.9% of E Fund Management Hong Kong Co. Ltd.'s portfolio, making the stock its 14th largest position.
Several other institutional investors and hedge funds also recently bought and sold shares of ATAT. Sanctuary Advisors LLC bought a new position in shares of Atour Lifestyle in the fourth quarter worth approximately $1,344,000. New York State Common Retirement Fund bought a new position in Atour Lifestyle in the 4th quarter worth $1,119,000. Cornerstone Investment Partners LLC bought a new position in Atour Lifestyle in the 4th quarter worth $213,000. Victory Capital Management Inc. purchased a new stake in shares of Atour Lifestyle during the fourth quarter worth about $750,000. Finally, HighTower Advisors LLC bought a new stake in shares of Atour Lifestyle during the fourth quarter valued at approximately $512,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have commented on ATAT. Bank of America increased 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. UBS Group set a $37.30 target price on Atour Lifestyle and gave the stock a "buy" rating in a research report on Thursday, March 6th. Wall Street Zen cut Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Citigroup reaffirmed a "buy" rating and set a $38.00 price objective (up from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.63.
Get Our Latest Report on Atour Lifestyle
Atour Lifestyle Stock Performance
NASDAQ ATAT traded up $0.32 on Friday, hitting $32.75. 663,864 shares of the stock were exchanged, compared to its average volume of 1,263,641. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $15.22 and a 52-week high of $34.23. The firm has a market capitalization of $4.53 billion, a P/E ratio of 25.99, a P/E/G ratio of 0.92 and a beta of 0.83. The stock has a fifty day moving average price of $29.16 and a two-hundred day moving average price of $28.25.
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, topping analysts' consensus estimates of $0.30 by $0.03. Atour Lifestyle had a net margin of 16.39% and a return on equity of 43.91%. The firm had revenue of $285.58 million during the quarter, compared to analysts' expectations of $275.49 million. Sell-side analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.
Atour Lifestyle Increases Dividend
The firm also recently disclosed an annual dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 1.3%. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. Atour Lifestyle's payout ratio is presently 30.95%.
Atour Lifestyle declared that its board has approved a stock buyback program on Thursday, May 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
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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