Squarepoint Ops LLC Takes $683,000 Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Squarepoint Ops LLC purchased a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,413 shares of the company's stock, valued at approximately $683,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. OLP CAPITAL MANAGEMENT Ltd grew its holdings in Atour Lifestyle by 17.1% during the 4th 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 during the last quarter. Bank of America Corp DE lifted its position in shares of Atour Lifestyle by 8.3% in the fourth quarter. Bank of America Corp DE now owns 3,534,543 shares of the company's stock valued at $95,044,000 after acquiring an additional 269,656 shares in the last quarter. Man Group plc boosted its stake in shares of Atour Lifestyle by 21.8% during the fourth quarter. Man Group plc now owns 2,051,797 shares of the company's stock valued at $55,173,000 after acquiring an additional 366,872 shares during the last quarter. JPMorgan Chase & Co. increased its position in Atour Lifestyle by 39.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock worth $38,012,000 after purchasing an additional 402,974 shares in the last quarter. Finally, Norges Bank purchased a new stake in Atour Lifestyle during the 4th quarter worth about $36,489,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Price Performance

NASDAQ:ATAT traded down $0.23 during mid-day trading on Friday, reaching $31.03. The company's stock had a trading volume of 943,572 shares, compared to its average volume of 1,282,165. The stock has a market cap of $4.29 billion, a P/E ratio of 26.75, a P/E/G ratio of 0.59 and a beta of 0.83. The company's fifty day simple moving average is $27.23 and its two-hundred day simple moving average is $27.71. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $34.23.

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

Atour Lifestyle Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be issued a $0.42 dividend. This represents a dividend yield of 1.3%. The ex-dividend date is Monday, June 2nd. This is a positive change from Atour Lifestyle's previous annual dividend of $0.40. Atour Lifestyle's dividend payout ratio (DPR) is 30.95%.

Atour Lifestyle announced that its board has approved a share repurchase program on Thursday, May 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

ATAT has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a report on Friday, May 30th. UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th. Bank of America raised their target price on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th. Finally, Citigroup reaffirmed a "buy" rating and issued a $38.00 target price (up from $36.50) on shares of Atour Lifestyle in a research note 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.