Hsbc Holdings PLC lowered its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Free Report) by 13.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 162,686 shares of the company’s stock after selling 25,344 shares during the quarter. Hsbc Holdings PLC owned 0.12% of Atour Lifestyle worth $5,954,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in ATAT. Caitong International Asset Management Co. Ltd raised its position in Atour Lifestyle by 651.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after purchasing an additional 580 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Atour Lifestyle in the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC increased its position in shares of Atour Lifestyle by 65.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock valued at $32,000 after purchasing an additional 325 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at about $37,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at about $49,000. 17.79% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on ATAT. Zacks Research lowered Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.00.
Atour Lifestyle Price Performance
Atour Lifestyle stock opened at $31.46 on Friday. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $30.77 and a one year high of $43.17. The business’s fifty day moving average is $33.23 and its 200 day moving average is $36.10. The stock has a market capitalization of $4.32 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.77 and a beta of 0.65.
Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. The business had revenue of $407.74 million for the quarter, compared to analysts’ expectations of $379.74 million. Atour Lifestyle had a net margin of 17.22% and a return on equity of 51.75%. As a group, sell-side analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 EPS for the current fiscal year.
Atour Lifestyle Increases Dividend
The business also recently announced an annual dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a $0.54 dividend. This is an increase from Atour Lifestyle’s previous annual dividend of $0.36. This represents a yield of 162.0%. The ex-dividend date was Friday, June 5th. Atour Lifestyle’s dividend payout ratio is 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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