Principal Financial Group Inc. lifted its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Free Report) by 19.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 977,996 shares of the company’s stock after purchasing an additional 162,574 shares during the quarter. Principal Financial Group Inc.’s holdings in Atour Lifestyle were worth $36,000,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Atour Lifestyle by 234.2% during the 4th quarter. JPMorgan Chase & Co. now owns 3,428,240 shares of the company’s stock worth $135,073,000 after acquiring an additional 2,402,412 shares during the last quarter. WFM ASIA BVI Ltd boosted its stake in Atour Lifestyle by 184.4% in the fourth quarter. WFM ASIA BVI Ltd now owns 3,155,425 shares of the company’s stock worth $124,324,000 after purchasing an additional 2,045,832 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Atour Lifestyle by 64.0% during the fourth quarter. Schroder Investment Management Group now owns 2,717,894 shares of the company’s stock worth $107,085,000 after purchasing an additional 1,060,966 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd bought a new stake in shares of Atour Lifestyle during the fourth quarter worth $31,756,000. Finally, Bank of Montreal Can acquired a new stake in shares of Atour Lifestyle in the fourth quarter valued at $28,828,000. 17.79% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Weiss Ratings lowered shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Zacks Research downgraded shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $48.00.
Atour Lifestyle Trading Down 1.1%
ATAT stock opened at $32.23 on Friday. The business’s 50-day moving average price is $33.72 and its two-hundred day moving average price is $36.35. The firm has a market cap of $4.43 billion, a PE ratio of 17.33, a P/E/G ratio of 0.79 and a beta of 0.65. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $30.83 and a 1-year high of $43.17.
Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.48 earnings per share for the quarter, topping 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 net margin of 17.22% and a return on equity of 51.75%. On average, analysts forecast 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 declared an annual dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were given a dividend of $0.54 per share. This represents a yield of 162.0%. This is a boost from Atour Lifestyle’s previous annual dividend of $0.36. The ex-dividend date of this dividend was Friday, June 5th. Atour Lifestyle’s dividend payout ratio (DPR) is presently 27.42%.
Atour Lifestyle Profile
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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