Norges Bank Acquires New Stake in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Norges Bank bought a new position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 618,344 shares of the company’s stock, valued at approximately $24,363,000. Norges Bank owned 0.45% of Atour Lifestyle at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ATAT. Greenwoods Asset Management Hong Kong Ltd. lifted its position in Atour Lifestyle by 986.9% during the third quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,290,136 shares of the company’s stock worth $86,086,000 after buying an additional 2,079,436 shares during the period. Broad Peak Investment Advisers Pte Ltd purchased a new position in Atour Lifestyle during the fourth quarter worth about $31,756,000. Millennium Management LLC lifted its position in Atour Lifestyle by 208.9% during the third quarter. Millennium Management LLC now owns 1,052,392 shares of the company’s stock worth $39,559,000 after buying an additional 711,660 shares during the period. Schroder Investment Management Group lifted its position in Atour Lifestyle by 69.5% during the third quarter. Schroder Investment Management Group now owns 1,656,928 shares of the company’s stock worth $62,532,000 after buying an additional 679,256 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Atour Lifestyle by 1,944.2% during the third quarter. Ameriprise Financial Inc. now owns 669,466 shares of the company’s stock worth $25,165,000 after buying an additional 636,717 shares during the period. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

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Atour Lifestyle Stock Up 0.5%

Shares of NASDAQ ATAT opened at $33.27 on Wednesday. Atour Lifestyle Holdings Limited Sponsored ADR has a fifty-two week low of $29.81 and a fifty-two week high of $43.17. The business has a 50 day moving average price of $36.54 and a two-hundred day moving average price of $37.95. The firm has a market cap of $4.60 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 0.81 and a beta of 0.62.

Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $407.74 million during the quarter, compared to analyst estimates of $379.74 million. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%. On average, analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 earnings per share for the current year.

Atour Lifestyle Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.54 per share. This represents a yield of 162.0%. The ex-dividend date of this dividend is Friday, June 5th. This is an increase from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s dividend payout ratio (DPR) is presently 27.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ATAT. Weiss Ratings downgraded Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Zacks Research upgraded Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating and issued a $45.00 price objective on shares of Atour Lifestyle in a report on Tuesday, March 17th. UBS Group restated a “buy” rating on shares of Atour Lifestyle in a report on Tuesday, March 17th. Finally, Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $48.00.

View Our Latest Stock Analysis on Atour Lifestyle

Atour Lifestyle Profile

(Free Report)

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.

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