National Bank of Canada FI Has $1.04 Million Stock Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• National Bank of Canada FI significantly increased its stake in Atour Lifestyle Holdings, acquiring an additional 36,499 shares, bringing its total holdings to $1,035,000.
• Atour Lifestyle's stock has seen a dividend increase to $0.42 per share, which represents a yield of 130.0%, up from the previous year’s $0.40 dividend.
• Analysts have a consensus rating of "Moderate Buy" for Atour Lifestyle, with an average price target set at $36.63, while Citigroup has a buy rating with a price objective of $38.00.

National Bank of Canada FI increased its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 3,649,900.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,500 shares of the company's stock after acquiring an additional 36,499 shares during the quarter. National Bank of Canada FI's holdings in Atour Lifestyle were worth $1,035,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ATAT. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Atour Lifestyle by 1,544.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company's stock worth $195,206,000 after acquiring an additional 6,466,787 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Atour Lifestyle by 3,189.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock worth $73,227,000 after acquiring an additional 2,504,461 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Atour Lifestyle during the first quarter valued at approximately $68,322,000. OLP CAPITAL MANAGEMENT Ltd raised its stake 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 buying an additional 1,052,822 shares in the last quarter. Finally, 3G Capital Partners LP raised its stake in Atour Lifestyle by 263.6% during the fourth quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company's stock valued at $26,890,000 after buying an additional 725,000 shares in the last quarter. Institutional investors and hedge funds own 17.79% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on ATAT shares. Wall Street Zen cut Atour Lifestyle from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Citigroup restated a "buy" rating and set a $38.00 price objective (up previously from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $36.63.

Atour Lifestyle Price Performance

ATAT stock traded down $0.31 on Tuesday, reaching $34.56. The company's stock had a trading volume of 775,549 shares, compared to its average volume of 1,301,523. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $16.17 and a 52 week high of $37.46. The company has a market capitalization of $4.78 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 1.02 and a beta of 0.82. The firm has a fifty day moving average of $33.99 and a two-hundred day moving average of $30.34.

Atour Lifestyle announced that its Board of Directors has approved a share repurchase plan on Thursday, May 22nd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Atour Lifestyle Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were given a $0.42 dividend. This represents a yield of 130.0%. This is a positive change from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date was Monday, June 2nd. Atour Lifestyle's payout ratio 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.