Capital Fund Management S.A. Trims Stock Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Capital Fund Management S.A. lowered its position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 48.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 31,646 shares of the company’s stock after selling 29,748 shares during the quarter. Capital Fund Management S.A.’s holdings in Atour Lifestyle were worth $1,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ATAT. SG Americas Securities LLC raised its stake in shares of Atour Lifestyle by 11,289.7% in the second quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company’s stock worth $45,211,000 after purchasing an additional 1,378,476 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. purchased a new position in Atour Lifestyle during the 2nd quarter worth approximately $29,259,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Atour Lifestyle by 173.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,381,600 shares of the company’s stock valued at $44,916,000 after acquiring an additional 877,153 shares during the period. Aspex Management HK Ltd increased its stake in shares of Atour Lifestyle by 17.8% in the second quarter. Aspex Management HK Ltd now owns 5,314,881 shares of the company’s stock worth $172,787,000 after acquiring an additional 804,245 shares during the period. Finally, Walleye Capital LLC increased its stake in shares of Atour Lifestyle by 400.8% in the first quarter. Walleye Capital LLC now owns 897,429 shares of the company’s stock worth $25,442,000 after acquiring an additional 718,240 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Price Performance

Shares of ATAT stock opened at $42.89 on Friday. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $21.50 and a 1-year high of $43.17. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 1.16 and a beta of 0.80. The stock has a 50 day simple moving average of $38.33 and a 200-day simple moving average of $36.10.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $368.95 million during the quarter, compared to analyst estimates of $340.27 million. Atour Lifestyle had a net margin of 16.21% and a return on equity of 44.62%. Analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be given a dividend of $0.36 per share. This represents a dividend yield of 84.0%. The ex-dividend date is Friday, December 5th. Atour Lifestyle’s dividend payout ratio is 26.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Friday, September 5th. JPMorgan Chase & Co. assumed coverage on Atour Lifestyle in a research note on Wednesday, November 12th. They set an “overweight” rating and a $57.00 price objective for the company. Citigroup upped their target price on Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Zacks Research raised Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $43.21.

Atour Lifestyle 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.