Sigma Planning Corp Takes $567,000 Position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT)

Sigma Planning Corp acquired a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the company's stock, valued at approximately $567,000.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of Atour Lifestyle by 3.0% in the first quarter. Envestnet Asset Management Inc. now owns 53,827 shares of the company's stock valued at $1,526,000 after purchasing an additional 1,549 shares during the last quarter. American Century Companies Inc. lifted its position in Atour Lifestyle by 3.8% during the fourth quarter. American Century Companies Inc. now owns 62,772 shares of the company's stock worth $1,688,000 after buying an additional 2,321 shares in the last quarter. Jump Financial LLC lifted its position in Atour Lifestyle by 1.5% during the fourth quarter. Jump Financial LLC now owns 180,409 shares of the company's stock worth $4,851,000 after buying an additional 2,620 shares in the last quarter. Invesco Ltd. lifted its position in Atour Lifestyle by 5.4% during the fourth quarter. Invesco Ltd. now owns 67,117 shares of the company's stock worth $1,805,000 after buying an additional 3,437 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Atour Lifestyle by 6.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 66,702 shares of the company's stock worth $1,794,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 17.79% of the company's stock.

Analysts Set New Price Targets

ATAT has been the topic of a number of analyst reports. Citigroup reiterated a "buy" rating and set a $38.00 price objective (up previously from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen cut Atour Lifestyle from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.63.

Atour Lifestyle Trading Down 0.7%

NASDAQ:ATAT traded down $0.24 during midday trading on Tuesday, reaching $36.26. The company had a trading volume of 998,833 shares, compared to its average volume of 1,297,814. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 1.04 and a beta of 0.82. The stock's fifty day simple moving average is $32.31 and its 200-day simple moving average is $29.06. Atour Lifestyle Holdings Limited Sponsored ADR has a 12-month low of $15.22 and a 12-month high of $37.46.

Atour Lifestyle Increases Dividend

The company also recently announced 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 of this dividend was Monday, June 2nd. This represents a dividend yield of 1.3%. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. Atour Lifestyle's payout ratio is 30.95%.

Atour Lifestyle announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 22nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

About Atour Lifestyle

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.