Mackenzie Financial Corp Purchases New Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Mackenzie Financial Corp acquired a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 210,700 shares of the company's stock, valued at approximately $5,666,000. Mackenzie Financial Corp owned about 0.15% of Atour Lifestyle at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ATAT. Norges Bank bought a new stake in Atour Lifestyle in the fourth quarter valued at about $36,489,000. OLP CAPITAL MANAGEMENT Ltd increased its holdings in Atour Lifestyle by 17.1% in 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. William Blair Investment Management LLC bought a new stake in Atour Lifestyle in the fourth quarter valued at about $24,433,000. 3G Capital Partners LP increased its holdings in Atour Lifestyle by 263.6% in the fourth quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company's stock valued at $26,890,000 after purchasing an additional 725,000 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in Atour Lifestyle by 120.2% in the fourth quarter. Voloridge Investment Management LLC now owns 1,028,543 shares of the company's stock valued at $27,658,000 after purchasing an additional 561,365 shares during the last quarter. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Price Performance

Shares of Atour Lifestyle stock traded down $0.45 during trading hours on Friday, hitting $31.44. The company's stock had a trading volume of 2,024,619 shares, compared to its average volume of 1,277,575. The company has a market capitalization of $4.34 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. The stock has a 50 day moving average of $26.98 and a 200 day moving average of $27.54. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $34.23.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $285.58 million during the quarter, compared to analysts' expectations of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. Equities analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

Atour Lifestyle Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.42 per share. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, June 2nd. Atour Lifestyle's dividend payout ratio is currently 33.33%.

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

Wall Street Analysts Forecast Growth

ATAT has been the subject of a number of recent analyst reports. Bank of America upped their price objective on 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 issued a $38.00 price target (up from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Wall Street Zen downgraded Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a report on Friday. Finally, UBS Group set a $37.30 price target on Atour Lifestyle and gave the stock a "buy" rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.