Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Purchased by Sylebra Capital LLC

Sylebra Capital LLC boosted its position in 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 SEC. The institutional investor owned 1,245,593 shares of the company's stock after purchasing an additional 133,869 shares during the quarter. Atour Lifestyle makes up approximately 0.9% of Sylebra Capital LLC's investment portfolio, making the stock its 19th largest holding. Sylebra Capital LLC owned about 0.91% of Atour Lifestyle worth $33,494,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ATAT. Norges Bank purchased a new stake in Atour Lifestyle in the fourth quarter valued at about $36,489,000. OLP CAPITAL MANAGEMENT Ltd boosted its stake 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 purchasing an additional 1,052,822 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Atour Lifestyle during the 4th quarter valued at approximately $24,433,000. 3G Capital Partners LP lifted its stake in shares of Atour Lifestyle by 263.6% during the fourth quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company's stock worth $26,890,000 after buying an additional 725,000 shares during the period. Finally, Voloridge Investment Management LLC increased its position in shares of Atour Lifestyle by 120.2% in the 4th quarter. Voloridge Investment Management LLC now owns 1,028,543 shares of the company's stock valued at $27,658,000 after acquiring an additional 561,365 shares during the period. 17.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATAT has been the subject of a number of research reports. Wall Street Zen raised Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the stock a "buy" rating in a research report on Thursday, March 6th. Citigroup reissued a "buy" rating and set a $38.00 target price (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday. Finally, Bank of America upped their price objective 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. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $36.63.

Atour Lifestyle Stock Down 4.5%

Shares of Atour Lifestyle stock traded down $1.47 on Tuesday, hitting $31.00. 1,180,196 shares of the company were exchanged, compared to its average volume of 1,261,798. The company has a 50-day moving average price of $26.86 and a 200 day moving average price of $27.43. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a 1-year low of $15.22 and a 1-year high of $34.23.

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

Atour Lifestyle announced that its Board of Directors has initiated a stock buyback program on Thursday, May 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Atour Lifestyle Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be given a $0.42 dividend. This is a positive change from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.3%. Atour Lifestyle's payout ratio is presently 33.33%.

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.