Pinpoint Asset Management Singapore Pte. Ltd. trimmed its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Free Report) by 83.6% during the 4th quarter, HoldingsChannel reports. The fund owned 6,006 shares of the company’s stock after selling 30,507 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Atour Lifestyle were worth $237,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in ATAT. Goldman Sachs Group Inc. raised its stake in shares of Atour Lifestyle by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock worth $40,739,000 after purchasing an additional 14,453 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Atour Lifestyle by 13.8% in the second quarter. American Century Companies Inc. now owns 68,633 shares of the company’s stock worth $2,231,000 after purchasing an additional 8,332 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Atour Lifestyle in the second quarter worth $1,586,000. Jump Financial LLC raised its stake in shares of Atour Lifestyle by 38.0% in the second quarter. Jump Financial LLC now owns 62,192 shares of the company’s stock worth $2,022,000 after purchasing an additional 17,124 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Atour Lifestyle by 172.5% in the second quarter. Qube Research & Technologies Ltd now owns 975,098 shares of the company’s stock worth $31,700,000 after purchasing an additional 617,292 shares during the last quarter. 17.79% of the stock is owned by institutional investors.
Atour Lifestyle Stock Performance
ATAT stock opened at $33.83 on Friday. 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’s 50-day moving average is $36.38 and its two-hundred day moving average is $37.88. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 0.81 and a beta of 0.62.
Atour Lifestyle Increases Dividend
The company also recently announced an annual dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a $0.54 dividend. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.36. This represents a yield of 162.0%. The ex-dividend date of this dividend is Friday, June 5th. Atour Lifestyle’s dividend payout ratio is currently 27.42%.
Analysts Set New Price Targets
ATAT has been the subject of several recent analyst reports. Weiss Ratings cut Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Morgan Stanley restated an “overweight” rating and issued a $45.00 price target on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Zacks Research upgraded Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Finally, UBS Group restated a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat.com, Atour Lifestyle presently has an average rating of “Buy” and a consensus price target of $48.00.
Get Our Latest Stock Report on Atour Lifestyle
About Atour Lifestyle
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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