Two Sigma Advisers LP Has $965,000 Stock Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Two Sigma Advisers LP decreased its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 39.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,900 shares of the company's stock after selling 23,000 shares during the period. Two Sigma Advisers LP's holdings in Atour Lifestyle were worth $965,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America boosted their target price 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. Wall Street Zen lowered shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup restated a "buy" rating and set a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Finally, UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.63.

Atour Lifestyle Stock Down 0.5%

Shares of ATAT traded down $0.17 during mid-day trading on Thursday, hitting $31.26. 705,903 shares of the company's stock were exchanged, compared to its average volume of 1,280,428. The firm has a fifty day moving average of $27.18 and a two-hundred day moving average of $27.67. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $34.23. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 0.59 and a beta of 0.59.

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

Atour Lifestyle declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Atour Lifestyle Increases Dividend

The firm also recently disclosed 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. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 1.3%. Atour Lifestyle's dividend payout ratio is currently 30.95%.

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.