Twinbeech Capital LP acquired a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,594 shares of the company's stock, valued at approximately $527,000.
Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in shares of Atour Lifestyle in the 4th quarter valued at $1,344,000. JPMorgan Chase & Co. lifted 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 acquiring an additional 402,974 shares during the period. Prudential Financial Inc. acquired a new stake in Atour Lifestyle during the 4th quarter worth approximately $1,718,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Atour Lifestyle by 1,250.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company's stock worth $11,962,000 after buying an additional 411,893 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Atour Lifestyle during the 4th quarter worth approximately $36,489,000. 17.79% of the stock is owned by institutional investors and hedge funds.
Atour Lifestyle Stock Up 2.0%
ATAT traded up $0.61 during trading on Wednesday, reaching $31.63. The stock had a trading volume of 310,238 shares, compared to its average volume of 1,306,005. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 27.26, 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. The stock has a 50 day moving average of $26.88 and a two-hundred day moving average of $27.45.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced 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. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The company had revenue of $285.58 million for the quarter, compared to the consensus estimate of $275.49 million. On average, research analysts forecast 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. Stockholders of record on Monday, June 2nd will be paid a $0.42 dividend. The ex-dividend date is Monday, June 2nd. This is an increase from Atour Lifestyle's previous annual dividend of $0.40. This represents a dividend yield of 1.3%. Atour Lifestyle's dividend payout ratio is 33.33%.
Atour Lifestyle declared that its board has authorized a share buyback program on Thursday, May 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.
Analyst Ratings Changes
Several research firms have weighed in on ATAT. Bank of America raised their price target on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th. Wall Street Zen raised Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. 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. Finally, UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock 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's stock. According to MarketBeat, Atour Lifestyle currently has an average rating of "Buy" and a consensus price target of $36.63.
View Our Latest Stock Report on Atour Lifestyle
Atour Lifestyle Profile
(
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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