Triata Capital Ltd increased its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427,803 shares of the company's stock after acquiring an additional 40,900 shares during the quarter. Atour Lifestyle makes up 2.7% of Triata Capital Ltd's investment portfolio, making the stock its 7th largest position. Triata Capital Ltd owned approximately 0.31% of Atour Lifestyle worth $12,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Atour Lifestyle by 1,544.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company's stock worth $195,206,000 after buying an additional 6,466,787 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Atour Lifestyle by 3,189.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock valued at $73,227,000 after buying an additional 2,504,461 shares during the period. Principal Financial Group Inc. purchased a new stake in Atour Lifestyle during the 1st quarter valued at $68,322,000. OLP CAPITAL MANAGEMENT Ltd boosted its position 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 period. Finally, 3G Capital Partners LP boosted its position in Atour Lifestyle by 263.6% during the 4th quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company's stock valued at $26,890,000 after buying an additional 725,000 shares during the period. Hedge funds and other institutional investors own 17.79% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on ATAT shares. Wall Street Zen cut Atour Lifestyle from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Citigroup reiterated a "buy" rating and issued a $38.00 price objective (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Atour Lifestyle has a consensus rating of "Buy" and an average target price of $36.63.
Read Our Latest Report on Atour Lifestyle
Atour Lifestyle Price Performance
ATAT traded up $0.53 on Thursday, hitting $34.49. The company had a trading volume of 1,821,374 shares, compared to its average volume of 1,303,757. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $16.17 and a 52-week high of $37.46. The stock has a fifty day simple moving average of $34.13 and a 200-day simple moving average of $30.40. The firm has a market capitalization of $4.77 billion, a P/E ratio of 27.37, a P/E/G ratio of 1.01 and a beta of 0.82.
Atour Lifestyle Increases Dividend
The company also recently declared an annual dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from Atour Lifestyle's previous annual dividend of $0.40. This represents a yield of 130.0%. Atour Lifestyle's payout ratio is currently 30.95%.
Atour Lifestyle announced that its Board of Directors has approved a share buyback plan on Thursday, May 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.
About Atour Lifestyle
(
Free Report)
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.
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