Woodline Partners LP acquired a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new stake in Atour Lifestyle during the fourth quarter valued at about $36,489,000. OLP CAPITAL MANAGEMENT Ltd grew its position in 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 acquiring an additional 1,052,822 shares during the period. William Blair Investment Management LLC purchased a new stake in Atour Lifestyle during the fourth quarter valued at about $24,433,000. 3G Capital Partners LP grew its position in Atour Lifestyle by 263.6% during the fourth quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company's stock valued at $26,890,000 after acquiring an additional 725,000 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Atour Lifestyle by 157.7% in the fourth quarter. Millennium Management LLC now owns 883,272 shares of the company's stock worth $23,751,000 after buying an additional 540,491 shares during the period. Hedge funds and other institutional investors own 17.79% of the company's stock.
Atour Lifestyle Trading Up 1.9%
NASDAQ ATAT traded up $0.59 on Thursday, hitting $31.99. 554,396 shares of the stock traded hands, compared to its average volume of 1,266,871. The stock has a 50-day moving average of $26.90 and a 200 day moving average of $27.48. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $34.23. The company has a market capitalization of $4.42 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. The firm had revenue of $285.58 million for the quarter, compared to analysts' expectations of $275.49 million. As a group, equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.
Atour Lifestyle Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 1.3%. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. Atour Lifestyle's dividend payout ratio is presently 33.33%.
Atour Lifestyle announced that its Board of Directors has authorized a share repurchase program on Thursday, May 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Bank of America upped their target price on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th. Wall Street Zen upgraded Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Citigroup reiterated a "buy" rating and issued a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Finally, UBS Group set a $37.30 price target on Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $36.63.
Read Our Latest Report on Atour Lifestyle
About Atour Lifestyle
(
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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