Lazard Asset Management LLC Increases Stake in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Lazard Asset Management LLC increased its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 434,608 shares of the company’s stock after purchasing an additional 15,214 shares during the period. Lazard Asset Management LLC owned 0.31% of Atour Lifestyle worth $15,998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 period. Rockefeller Capital Management L.P. purchased a new position in Atour Lifestyle in the 4th quarter worth $26,000. EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 325 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Atour Lifestyle during the 4th quarter worth about $37,000. Finally, Hollencrest Capital Management purchased a new stake in Atour Lifestyle during the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Price Performance

NASDAQ ATAT opened at $35.33 on Thursday. Atour Lifestyle Holdings Limited Sponsored ADR has a 1 year low of $30.77 and a 1 year high of $43.17. The company has a market capitalization of $4.86 billion, a PE ratio of 18.99, a P/E/G ratio of 0.96 and a beta of 0.65. The company has a fifty day moving average of $32.97 and a 200 day moving average of $35.89.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.11. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%.The company had revenue of $407.74 million for the quarter, compared to the consensus estimate of $379.74 million. Research analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.13 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 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 (DPR) is currently 27.42%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings lowered 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 report on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

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.