Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Shares Sold by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates Inc. reduced its stake in Atour Lifestyle Holdings Limited by 28.1%, owning 51,604 shares valued at approximately $1.46 million after selling 20,204 shares.
• Several institutional investors have significantly increased their holdings, with OVERSEA CHINESE BANKING Corp boosting its position by 1,544.1% and now holding nearly 6.9 million shares worth about $195 million.
• Atour Lifestyle announced an increased annual dividend of $0.42, representing a 1.3% yield, alongside a stock repurchase program to buy back shares, indicating a belief in the stock's undervaluation.

Van Berkom & Associates Inc. lessened its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 28.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,604 shares of the company's stock after selling 20,204 shares during the quarter. Van Berkom & Associates Inc.'s holdings in Atour Lifestyle were worth $1,463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Pictet Asset Management Holding SA bought a new position in shares of Atour Lifestyle in the fourth quarter worth about $155,000. AdvisorShares Investments LLC bought a new position in shares of Atour Lifestyle in the 4th quarter worth $188,000. Robeco Institutional Asset Management B.V. purchased a new position in Atour Lifestyle during the 1st quarter worth $209,000. Pinnacle Associates Ltd. purchased a new stake in Atour Lifestyle during the 1st quarter valued at about $213,000. Finally, Bank of New York Mellon Corp purchased a new stake in Atour Lifestyle during the 1st quarter valued at about $215,000. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Stock Performance

Shares of NASDAQ ATAT traded down $0.43 during trading on Wednesday, reaching $34.46. The stock had a trading volume of 275,560 shares, compared to its average volume of 1,327,575. Atour Lifestyle Holdings Limited Sponsored ADR has a fifty-two week low of $15.22 and a fifty-two week high of $37.46. The company has a market cap of $4.76 billion, a P/E ratio of 27.34, a PEG ratio of 1.01 and a beta of 0.82. The business's 50-day moving average price is $33.14 and its 200-day moving average price is $29.53.

Atour Lifestyle Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were paid a dividend of $0.42 per share. This represents a yield of 1.3%. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date was Monday, June 2nd. Atour Lifestyle's payout ratio is presently 30.95%.

Atour Lifestyle declared that its Board of Directors has initiated a share repurchase program on Thursday, May 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ATAT shares. Citigroup restated a "buy" rating and issued a $38.00 target price (up previously from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Wall Street Zen cut Atour Lifestyle from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.63.

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.