Nuveen Asset Management LLC Purchases 43,300 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Nuveen Asset Management LLC increased its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 191.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,900 shares of the company’s stock after purchasing an additional 43,300 shares during the period. Nuveen Asset Management LLC’s holdings in Atour Lifestyle were worth $1,772,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pictet Asset Management Holding SA bought a new position in Atour Lifestyle during the 4th quarter worth about $155,000. AdvisorShares Investments LLC bought a new position in shares of Atour Lifestyle during the fourth quarter worth approximately $188,000. Cornerstone Investment Partners LLC bought a new position in shares of Atour Lifestyle during the fourth quarter worth approximately $213,000. Deutsche Bank AG bought a new position in Atour Lifestyle in the fourth quarter valued at approximately $235,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in Atour Lifestyle in the fourth quarter valued at approximately $296,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a “buy” rating in a report on Friday, March 14th. Citigroup reaffirmed a “buy” rating and issued a $38.00 price objective (up from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, Wall Street Zen cut shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.63.

Atour Lifestyle Price Performance

Shares of NASDAQ:ATAT opened at $30.90 on Wednesday. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $34.23. The company’s fifty day moving average price is $27.06 and its 200-day moving average price is $27.62. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 0.59 and a beta of 0.59.

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

Atour Lifestyle Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be given a dividend of $0.42 per share. This is a boost from Atour Lifestyle’s previous annual dividend of $0.40. This represents a yield of 1.3%. The ex-dividend date of this dividend is Monday, June 2nd. Atour Lifestyle’s dividend payout ratio (DPR) is 30.95%.

Atour Lifestyle announced that its board has authorized a share repurchase plan on Thursday, May 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Atour Lifestyle Company Profile

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.