Squarepoint Ops LLC Buys New Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pictet Asset Management Holding SA acquired a new stake in shares of Atour Lifestyle in the fourth quarter valued at about $155,000. AdvisorShares Investments LLC purchased a new position in Atour Lifestyle in the 4th quarter worth approximately $188,000. Cornerstone Investment Partners LLC acquired a new stake in Atour Lifestyle in the fourth quarter valued at approximately $213,000. Deutsche Bank AG purchased a new stake in shares of Atour Lifestyle during the fourth quarter valued at approximately $235,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of Atour Lifestyle during the fourth quarter valued at approximately $296,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Stock Performance

Shares of Atour Lifestyle stock traded down $0.14 during trading on Thursday, reaching $31.29. The company had a trading volume of 520,215 shares, compared to its average volume of 1,279,016. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $34.23. The firm's fifty day moving average is $27.12 and its 200-day moving average is $27.64.

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

Atour Lifestyle Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be issued a $0.42 dividend. The ex-dividend date is 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 presently 30.95%.

Atour Lifestyle announced that its Board of Directors has initiated a stock buyback plan 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. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup restated 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. Bank of America boosted their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a report on Friday, March 14th. UBS Group set a $37.30 target price on Atour Lifestyle and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, Wall Street Zen lowered Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 30th. One investment 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 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.