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

Two Sigma Advisers LP lessened its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 39.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,900 shares of the company's stock after selling 23,000 shares during the quarter. Two Sigma Advisers LP's holdings in Atour Lifestyle were worth $965,000 as of its most recent filing with the Securities and Exchange Commission.

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

Atour Lifestyle Stock Performance

Shares of NASDAQ ATAT traded up $0.07 during mid-day trading on Tuesday, hitting $30.90. 1,283,026 shares of the stock were exchanged, compared to its average volume of 1,277,018. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $34.23. The stock's fifty day simple moving average is $27.03 and its two-hundred day simple moving average is $27.59. The company has a market cap of $4.27 billion, a P/E ratio of 26.64, a PEG ratio of 0.59 and a beta of 0.59.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released 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 return on equity of 48.26% and a net margin of 17.43%. The firm had revenue of $285.58 million during the quarter, compared to analysts' expectations of $275.49 million. As a group, equities research analysts predict that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle Increases Dividend

The firm also recently announced 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 a positive change from Atour Lifestyle's previous annual dividend of $0.40. This represents a dividend yield of 1.3%. Atour Lifestyle's dividend payout ratio (DPR) is 30.95%.

Atour Lifestyle announced that its Board of Directors has approved a share repurchase program on Thursday, May 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ATAT. Bank of America lifted their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a report on Friday, March 14th. Citigroup restated a "buy" rating and set a $38.00 target price (up previously from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen lowered Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research note on Friday. Finally, UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Atour Lifestyle presently has a consensus rating of "Moderate Buy" and an average target price of $36.63.

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.