Quadrature Capital Ltd Takes $1.76 Million Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Quadrature Capital Ltd purchased a new stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 54,126 shares of the company’s stock, valued at approximately $1,761,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. purchased a new position in Atour Lifestyle in the 1st quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in shares of Atour Lifestyle during the first quarter worth about $71,000. AdvisorShares Investments LLC acquired a new position in shares of Atour Lifestyle in the second quarter worth about $120,000. Bank of New York Mellon Corp purchased a new position in Atour Lifestyle in the first quarter valued at about $215,000. Finally, Ritholtz Wealth Management purchased a new position in Atour Lifestyle in the second quarter valued at about $294,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ATAT shares. Zacks Research upgraded Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Macquarie upped their price target on shares of Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday. Citigroup increased their price objective on shares of Atour Lifestyle from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. began coverage on shares of Atour Lifestyle in a research report on Wednesday, November 12th. They issued an “overweight” rating and a $57.00 target price for the company. Finally, Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $43.21.

Atour Lifestyle Stock Performance

Shares of NASDAQ:ATAT opened at $37.77 on Friday. The company’s fifty day moving average is $37.95 and its two-hundred day moving average is $35.71. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $21.50 and a 1-year high of $42.34. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.79.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $368.95 million during the quarter, compared to the consensus estimate of $340.27 million. Atour Lifestyle had a net margin of 16.21% and a return on equity of 44.62%. Atour Lifestyle has set its FY 2025 guidance at EPS. Sell-side analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Atour Lifestyle Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a dividend yield of 97.0%. Atour Lifestyle’s dividend payout ratio is 26.53%.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.