Two Sigma Investments LP decreased its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 49.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,378 shares of the company's stock after selling 100,590 shares during the quarter. Two Sigma Investments LP owned approximately 0.08% of Atour Lifestyle worth $2,780,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of ATAT. Pictet Asset Management Holding SA purchased a new position in shares of Atour Lifestyle in the 4th quarter valued at about $155,000. AdvisorShares Investments LLC purchased a new position in shares of Atour Lifestyle in the 4th quarter valued at about $188,000. Cornerstone Investment Partners LLC purchased a new position in shares of Atour Lifestyle in the 4th quarter valued at about $213,000. Deutsche Bank AG purchased a new position in shares of Atour Lifestyle in the 4th quarter valued at about $235,000. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Atour Lifestyle in the 4th quarter valued at about $296,000. Hedge funds and other institutional investors own 17.79% of the company's stock.
Atour Lifestyle Price Performance
Atour Lifestyle stock traded up $0.11 during mid-day trading on Tuesday, hitting $30.94. 427,407 shares of the company were exchanged, compared to its average volume of 1,273,700. The business's 50 day simple moving average is $27.03 and its two-hundred day simple moving average is $27.59. The company has a market capitalization of $4.28 billion, a P/E ratio of 26.67, a PEG ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a 12-month low of $15.22 and a 12-month high of $34.23.
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, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. Equities research analysts predict that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.
Atour Lifestyle announced that its board has initiated a share buyback plan on Thursday, May 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are 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 given a $0.42 dividend. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 1.3%. This is an increase from Atour Lifestyle's previous annual dividend of $0.40. Atour Lifestyle's payout ratio is currently 30.95%.
Analyst Upgrades and Downgrades
ATAT has been the subject of a number of research analyst reports. UBS Group set a $37.30 target price on Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th. Wall Street Zen cut Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a report on Friday. Bank of America raised their price target on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a report on Friday, March 14th. Finally, Citigroup reissued a "buy" rating and issued a $38.00 price target (up from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.63.
Check Out Our Latest Stock Analysis 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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