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. lowered its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 28.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA purchased a new stake in Atour Lifestyle in the fourth quarter worth approximately $155,000. AdvisorShares Investments LLC purchased a new stake in Atour Lifestyle in the fourth quarter worth approximately $188,000. Robeco Institutional Asset Management B.V. purchased a new stake in Atour Lifestyle in the first quarter worth approximately $209,000. Pinnacle Associates Ltd. purchased a new position in shares of Atour Lifestyle during the 1st quarter worth $213,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Atour Lifestyle during the 1st quarter worth $215,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

Atour Lifestyle Trading Up 0.0%

Shares of ATAT traded up $0.01 during trading hours on Friday, reaching $35.69. 1,086,634 shares of the stock traded hands, compared to its average volume of 1,447,588. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $15.22 and a 52-week high of $37.46. The company's 50-day moving average price is $32.96 and its two-hundred day moving average price is $29.42. The company has a market cap of $4.93 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.02 and a beta of 0.82.

Atour Lifestyle announced that its board has initiated a share buyback program on Thursday, May 22nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Atour Lifestyle Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ATAT shares. Wall Street Zen cut shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Citigroup reiterated 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.