Virtu Financial LLC Makes New Investment in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Virtu Financial LLC acquired 18,125 shares of Atour Lifestyle Holdings Limited, valued at approximately $514,000, indicating growing institutional interest in the company.
• Atour Lifestyle recently raised its annual dividend from $0.40 to $0.42, reflecting a dividend yield of 130.0% and a payout ratio of 30.95%.
• Despite a recent downgrade to a "hold" rating from Wall Street Zen, other analysts maintain a consensus rating of "Moderate Buy" with a price target averaging $36.63.

Virtu Financial LLC purchased a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,125 shares of the company's stock, valued at approximately $514,000.

Other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in Atour Lifestyle by 758.5% in the fourth quarter. Alliancebernstein L.P. now owns 83,098 shares of the company's stock worth $2,235,000 after acquiring an additional 73,418 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Atour Lifestyle by 34.2% in the 4th quarter. Geode Capital Management LLC now owns 92,855 shares of the company's stock worth $2,497,000 after purchasing an additional 23,684 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Atour Lifestyle in the 4th quarter worth about $1,406,000. Invesco Ltd. grew its position in Atour Lifestyle by 5.4% during the 4th quarter. Invesco Ltd. now owns 67,117 shares of the company's stock valued at $1,805,000 after purchasing an additional 3,437 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Atour Lifestyle by 5,563.8% during the 4th quarter. Legal & General Group Plc now owns 72,100 shares of the company's stock valued at $1,939,000 after purchasing an additional 70,827 shares in the last quarter. Institutional investors own 17.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

Atour Lifestyle Stock Down 0.2%

Shares of Atour Lifestyle stock traded down $0.08 during trading hours on Monday, reaching $34.80. 210,951 shares of the stock traded hands, compared to its average volume of 1,302,202. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $16.17 and a one year high of $37.46. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 1.02 and a beta of 0.82. The company has a 50 day moving average price of $33.93 and a 200 day moving average price of $30.29.

Atour Lifestyle Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were given a $0.42 dividend. The ex-dividend date was Monday, June 2nd. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. This represents a yield of 130.0%. Atour Lifestyle's payout ratio is 30.95%.

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

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.