Nomura Holdings Inc. Acquires Shares of 182,880 Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Nomura Holdings Inc. bought a new stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 182,880 shares of the company’s stock, valued at approximately $5,945,000. Nomura Holdings Inc. owned approximately 0.13% of Atour Lifestyle as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ATAT. Hollencrest Capital Management acquired a new position in Atour Lifestyle in the second quarter valued at about $29,000. Loomis Sayles & Co. L P raised its stake in shares of Atour Lifestyle by 322.0% in the second quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock valued at $47,000 after acquiring an additional 1,111 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $71,000. Raymond James Financial Inc. bought a new stake in Atour Lifestyle during the 2nd quarter worth approximately $118,000. Finally, AdvisorShares Investments LLC acquired a new stake in Atour Lifestyle during the 2nd quarter valued at $120,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Down 0.7%

Shares of ATAT stock opened at $42.44 on Tuesday. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 1.16 and a beta of 0.80. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $21.50 and a 12 month high of $43.17. The stock has a 50-day moving average price of $38.95 and a 200 day moving average price of $36.60.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results on Tuesday, November 25th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $368.95 million for 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%. Sell-side analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be issued a dividend of $0.36 per share. This represents a yield of 84.0%. The ex-dividend date of this dividend is Friday, December 5th. Atour Lifestyle’s payout ratio is currently 22.45%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Macquarie boosted their price objective on Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Citigroup raised their target price on Atour Lifestyle from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. assumed coverage on shares of Atour Lifestyle in a research report on Wednesday, November 12th. They set an “overweight” rating and a $57.00 price target on the stock. Jefferies Financial Group started coverage on shares of Atour Lifestyle in a report on Monday, September 29th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat.com, Atour Lifestyle presently has an average rating of “Buy” and an average target price of $44.68.

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.