Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 17.2% during the first quarter, Holdings Channel reports. The fund owned 581,946 shares of the company’s stock after selling 120,550 shares during the period. SG Americas Securities LLC’s holdings in Atour Lifestyle were worth $21,421,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in Atour Lifestyle by 651.7% in 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 during the period. Rockefeller Capital Management L.P. purchased a new stake in Atour Lifestyle during the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC increased its holdings in Atour Lifestyle by 65.9% during 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 during the period. Assetmark Inc. acquired a new stake in Atour Lifestyle in the 3rd quarter valued at about $37,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in Atour Lifestyle in the 4th quarter valued at about $37,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Price Performance

Shares of NASDAQ ATAT opened at $31.93 on Thursday. The business has a 50-day moving average of $35.79 and a two-hundred day moving average of $37.48. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 0.80 and a beta of 0.62. Atour Lifestyle Holdings Limited Sponsored ADR has a 1 year low of $31.38 and a 1 year high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%.The business had revenue of $407.74 million for the quarter, compared to the consensus estimate of $379.74 million. As a group, equities research analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 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. Investors of record on Friday, June 5th were issued a $0.54 dividend. This represents a yield of 162.0%. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.36. The ex-dividend date of this dividend was Friday, June 5th. Atour Lifestyle’s dividend payout ratio is currently 27.42%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group reissued a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Zacks Research raised shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Weiss Ratings cut shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $45.00 price objective on shares of Atour Lifestyle in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat.com, Atour Lifestyle currently has an average rating of “Buy” and an average target price of $48.00.

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.