161,244 Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Bought by Woodline Partners LP

Woodline Partners LP bought a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 161,244 shares of the company's stock, valued at approximately $4,336,000. Woodline Partners LP owned 0.12% of Atour Lifestyle as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. OLP CAPITAL MANAGEMENT Ltd grew its stake in shares of Atour Lifestyle by 17.1% during the fourth 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 last quarter. Bank of America Corp DE lifted its holdings in Atour Lifestyle by 8.3% in the fourth quarter. Bank of America Corp DE now owns 3,534,543 shares of the company's stock worth $95,044,000 after buying an additional 269,656 shares during the period. Man Group plc grew 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 worth $55,173,000 after purchasing an additional 366,872 shares during the period. JPMorgan Chase & Co. lifted its position in Atour Lifestyle by 39.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock valued at $38,012,000 after acquiring an additional 402,974 shares during the period. Finally, Norges Bank bought a new stake in shares of Atour Lifestyle in the 4th quarter worth approximately $36,489,000. 17.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

ATAT has been the topic of several recent analyst reports. Citigroup reissued a "buy" rating and set a $38.00 price objective (up from $36.50) on shares of Atour Lifestyle in a research report on Friday. Wall Street Zen upgraded shares of Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Bank of America increased their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research note on Friday, March 14th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $36.63.

Atour Lifestyle Trading Down 4.5%

ATAT stock traded down $1.45 on Tuesday, hitting $31.02. The company had a trading volume of 1,509,873 shares, compared to its average volume of 1,261,800. Atour Lifestyle Holdings Limited has a 12-month low of $15.22 and a 12-month high of $34.23. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 0.59 and a beta of 0.59. The stock's 50-day simple moving average is $26.86 and its 200 day simple moving average is $27.43.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $285.58 million during the quarter, compared to analysts' expectations of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. Research analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.

Atour Lifestyle Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, June 2nd. This is an increase from Atour Lifestyle's previous annual dividend of $0.40. This represents a dividend yield of 1.3%. Atour Lifestyle's payout ratio is 33.33%.

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