Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Holdings Raised by Northern Trust Corp

Northern Trust Corp grew its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 139.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,476 shares of the company’s stock after acquiring an additional 43,931 shares during the quarter. Northern Trust Corp owned approximately 0.05% of Atour Lifestyle worth $2,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Atour Lifestyle by 39.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company’s stock valued at $38,012,000 after acquiring an additional 402,974 shares during the last quarter. Norges Bank bought a new stake in shares of Atour Lifestyle in the 4th quarter valued at approximately $36,489,000. Renaissance Technologies LLC increased its holdings in shares of Atour Lifestyle by 56.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,218,468 shares of the company’s stock valued at $32,765,000 after acquiring an additional 441,200 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Atour Lifestyle by 20.3% in the 4th quarter. Schroder Investment Management Group now owns 1,203,723 shares of the company’s stock valued at $31,971,000 after acquiring an additional 203,037 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new stake in shares of Atour Lifestyle in the 4th quarter valued at approximately $24,433,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Price Performance

Shares of ATAT opened at $32.47 on Monday. The company has a market cap of $4.49 billion, a P/E ratio of 27.99, a PEG ratio of 0.59 and a beta of 0.59. The stock has a fifty day moving average price of $26.83 and a 200 day moving average price of $27.39. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $34.23.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. The firm had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. As a group, research analysts anticipate that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.

Atour Lifestyle declared that its Board of Directors has initiated a share buyback program on Thursday, May 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Atour Lifestyle Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.42 per share. This represents a yield of 1.3%. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.40. Atour Lifestyle’s payout ratio is 32.81%.

Analysts Set New Price Targets

ATAT has been the subject of a number of research analyst reports. Bank of America boosted their price target on Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a report on Friday, March 14th. Wall Street Zen upgraded Atour Lifestyle from a “buy” rating to a “strong-buy” rating in a research note on Thursday. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, Citigroup upped their price objective on Atour Lifestyle from $36.50 to $38.00 and gave the stock a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $36.63.

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.