Voya Investment Management LLC Purchases Shares of 56,500 Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Voya Investment Management LLC acquired a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 56,500 shares of the company’s stock, valued at approximately $2,124,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new position in Atour Lifestyle in the 2nd quarter worth approximately $29,000. Loomis Sayles & Co. L P boosted its holdings in Atour Lifestyle by 322.0% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock valued at $47,000 after purchasing an additional 1,111 shares during the period. Raymond James Financial Inc. bought a new position in shares of Atour Lifestyle during the 2nd quarter worth about $118,000. AdvisorShares Investments LLC acquired a new position in shares of Atour Lifestyle during the second quarter valued at about $120,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Atour Lifestyle in the second quarter valued at about $294,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Down 1.1%

Shares of ATAT stock opened at $41.74 on Monday. The company has a market capitalization of $5.77 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.14 and a beta of 0.80. Atour Lifestyle Holdings Limited Sponsored ADR has a 12-month low of $21.50 and a 12-month high of $43.17. The firm has a 50-day moving average price of $39.98 and a 200 day moving average price of $37.27.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Tuesday, November 25th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Atour Lifestyle had a return on equity of 44.62% and a net margin of 16.21%.The business had revenue of $368.95 million for the quarter, compared to the consensus estimate of $340.27 million. As a group, research analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current year.

Atour Lifestyle Cuts Dividend

The business also recently declared an annual dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a dividend yield of 84.0%. Atour Lifestyle’s dividend payout ratio (DPR) is currently 22.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Zacks Research cut Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Citigroup lifted their price target on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Atour Lifestyle in a research note on Wednesday, November 12th. They set an “overweight” rating and a $57.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.68.

Atour Lifestyle Company 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.