381,084 Shares in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Bought by CI Investments Inc.

CI Investments Inc. bought a new stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 381,084 shares of the company’s stock, valued at approximately $14,028,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Temasek Holdings Private Ltd acquired a new position in shares of Atour Lifestyle during the 1st quarter worth about $2,880,000. ABN Amro Investment Solutions raised its stake in shares of Atour Lifestyle by 48.5% during the 1st quarter. ABN Amro Investment Solutions now owns 314,672 shares of the company’s stock worth $11,583,000 after purchasing an additional 102,742 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in shares of Atour Lifestyle by 0.4% during the 1st quarter. Van Berkom & Associates Inc. now owns 70,343 shares of the company’s stock worth $2,589,000 after purchasing an additional 300 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of Atour Lifestyle in the 1st quarter valued at approximately $46,000. Finally, AIA Group Ltd grew its stake in shares of Atour Lifestyle by 25.6% in the first quarter. AIA Group Ltd now owns 180,407 shares of the company’s stock valued at $6,641,000 after buying an additional 36,735 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on ATAT shares. Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Finally, Weiss Ratings downgraded Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atour Lifestyle presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Atour Lifestyle Price Performance

Shares of ATAT opened at $31.46 on Thursday. The firm has a market capitalization of $4.32 billion, a PE ratio of 16.91, a PEG ratio of 0.76 and a beta of 0.65. The company’s 50-day moving average is $33.34 and its 200-day moving average is $36.16. Atour Lifestyle Holdings Limited Sponsored ADR has a fifty-two week low of $30.77 and a fifty-two week high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results 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 net margin of 17.22% and a return on equity of 51.75%. The business had revenue of $407.74 million for the quarter, compared to analyst estimates of $379.74 million. Analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 earnings per share for the current fiscal year.

Atour Lifestyle Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were issued a dividend of $0.54 per share. This is a boost from Atour Lifestyle’s previous annual dividend of $0.36. This represents a dividend yield of 162.0%. The ex-dividend date was Friday, June 5th. Atour Lifestyle’s dividend payout ratio is presently 27.42%.

About Atour Lifestyle

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.