Sylebra Capital LLC Raises Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Sylebra Capital LLC grew its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,245,593 shares of the company's stock after buying an additional 133,869 shares during the quarter. Atour Lifestyle accounts for about 0.9% of Sylebra Capital LLC's holdings, making the stock its 19th biggest position. Sylebra Capital LLC owned approximately 0.91% of Atour Lifestyle worth $33,494,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ATAT. OLP CAPITAL MANAGEMENT Ltd grew its position 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 worth $193,672,000 after buying an additional 1,052,822 shares in the last quarter. Bank of America Corp DE grew its position in Atour Lifestyle by 8.3% during the fourth quarter. Bank of America Corp DE now owns 3,534,543 shares of the company's stock worth $95,044,000 after buying an additional 269,656 shares in the last quarter. Man Group plc boosted its holdings in shares of Atour Lifestyle by 21.8% in the 4th quarter. Man Group plc now owns 2,051,797 shares of the company's stock worth $55,173,000 after purchasing an additional 366,872 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Atour Lifestyle by 39.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock valued at $38,012,000 after acquiring an additional 402,974 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Atour Lifestyle in the 4th quarter valued at about $36,489,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Trading Up 1.6%

Shares of ATAT stock traded up $0.50 during midday trading on Wednesday, reaching $31.52. 400,643 shares of the stock were exchanged, compared to its average volume of 1,307,149. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $34.23. The company's 50 day moving average is $26.88 and its two-hundred day moving average is $27.45. The firm has a market cap of $4.36 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted 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 for 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%. As a group, equities 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. Investors of record on Monday, June 2nd will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 1.3%. This is an increase from Atour Lifestyle's previous annual dividend of $0.40. Atour Lifestyle's dividend payout ratio is presently 33.33%.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ATAT. Bank of America boosted their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research note on Friday, March 14th. Citigroup reaffirmed a "buy" rating and set a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen raised Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, UBS Group set a $37.30 price target on Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target 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.