Legal & General Group Plc boosted its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Free Report) by 121.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,165 shares of the company’s stock after purchasing an additional 85,201 shares during the period. Legal & General Group Plc owned 0.11% of Atour Lifestyle worth $6,114,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in Atour Lifestyle by 65.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after purchasing an additional 325 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Atour Lifestyle by 3.7% in the 3rd quarter. New York State Common Retirement Fund now owns 14,100 shares of the company’s stock worth $530,000 after purchasing an additional 500 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Atour Lifestyle by 651.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock worth $25,000 after purchasing an additional 580 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Atour Lifestyle by 8.2% in the 4th quarter. Ritholtz Wealth Management now owns 12,070 shares of the company’s stock worth $476,000 after purchasing an additional 912 shares in the last quarter. Finally, Assetmark Inc. acquired a new position in Atour Lifestyle in the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 17.79% of the company’s stock.
Atour Lifestyle Trading Down 1.8%
Shares of ATAT stock opened at $33.42 on Friday. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 0.82 and a beta of 0.62. The stock has a 50-day moving average of $36.63 and a 200-day moving average of $38.02. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $29.81 and a 1-year high of $43.17.
Atour Lifestyle Increases Dividend
The firm also recently announced an annual dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be given a dividend of $0.54 per share. This represents a dividend yield of 162.0%. The ex-dividend date is Friday, June 5th. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s dividend payout ratio is currently 17.74%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on ATAT. Zacks Research raised Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Weiss Ratings cut Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. UBS Group reissued a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $45.00 price target on shares of Atour Lifestyle in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Atour Lifestyle presently has a consensus rating of “Buy” and a consensus price target of $48.00.
View Our Latest Report on ATAT
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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