Pictet Asset Management Holding SA Has $4.67 Million Stock Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Pictet Asset Management Holding SA raised its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 299.1% in the first quarter, Holdings Channel reports. The firm owned 126,979 shares of the company’s stock after acquiring an additional 95,165 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Atour Lifestyle were worth $4,674,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. bought a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd increased its holdings 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 worth $25,000 after buying an additional 580 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Atour Lifestyle by 65.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after buying an additional 325 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in Atour Lifestyle during the fourth quarter worth $37,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in Atour Lifestyle during the fourth quarter worth $49,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ATAT has been the subject of a number of analyst reports. UBS Group reissued a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Zacks Research upgraded shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating and set a $45.00 price target on shares of Atour Lifestyle in a report on Tuesday, March 17th. Finally, Weiss Ratings downgraded Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $48.00.

Atour Lifestyle Price Performance

Shares of Atour Lifestyle stock opened at $32.22 on Friday. The business has a fifty day simple moving average of $34.96 and a two-hundred day simple moving average of $37.03. Atour Lifestyle Holdings Limited Sponsored ADR has a 1 year low of $31.14 and a 1 year high of $43.17. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 0.79 and a beta of 0.65.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.37 by $0.11. Atour Lifestyle had a net margin of 17.22% and a return on equity of 51.75%. The firm had revenue of $407.74 million for the quarter, compared to the consensus estimate of $379.74 million. As a group, equities analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 earnings per share for the current fiscal year.

Atour Lifestyle Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a dividend of $0.54 per share. The ex-dividend date was Friday, June 5th. This represents a dividend yield of 162.0%. This is a boost from Atour Lifestyle’s previous annual dividend of $0.36. 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.