Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC decreased its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 92.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,528 shares of the company's stock after selling 77,966 shares during the period. Penserra Capital Management LLC's holdings in Atour Lifestyle were worth $185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Atour Lifestyle by 3,189.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock worth $73,227,000 after buying an additional 2,504,461 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Atour Lifestyle in the 1st quarter worth about $68,322,000. Norges Bank acquired a new stake in Atour Lifestyle in the 4th quarter worth about $36,489,000. OLP CAPITAL MANAGEMENT Ltd boosted its holdings in Atour Lifestyle by 17.1% in the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock worth $193,672,000 after buying an additional 1,052,822 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of Atour Lifestyle during the 4th quarter worth approximately $24,433,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

Atour Lifestyle Price Performance

ATAT traded down $0.57 during trading hours on Friday, reaching $35.46. The company's stock had a trading volume of 1,533,763 shares, compared to its average volume of 1,293,060. Atour Lifestyle Holdings Limited Sponsored ADR has a fifty-two week low of $15.22 and a fifty-two week high of $37.46. The stock has a market cap of $4.90 billion, a PE ratio of 28.14, a P/E/G ratio of 1.01 and a beta of 0.82. The business's 50-day moving average is $31.41 and its 200-day moving average is $28.75.

Atour Lifestyle announced that its board has authorized a share repurchase program on Thursday, May 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Atour Lifestyle Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were given a dividend of $0.42 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 1.3%. This is a positive change from Atour Lifestyle's previous annual dividend of $0.40. Atour Lifestyle's dividend payout ratio is currently 30.95%.

Analysts Set New Price Targets

ATAT has been the topic of several recent research reports. Wall Street Zen cut Atour Lifestyle from a "buy" rating to a "hold" rating in a report on Saturday. Citigroup restated a "buy" rating and set a $38.00 target price (up from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Atour Lifestyle presently has an average rating of "Moderate Buy" and a consensus price target of $36.63.

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.