Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Position Increased by Matthews International Capital Management LLC

Matthews International Capital Management LLC boosted its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 33.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 219,378 shares of the company’s stock after purchasing an additional 55,389 shares during the quarter. Atour Lifestyle makes up approximately 3.3% of Matthews International Capital Management LLC’s holdings, making the stock its 11th largest position. Matthews International Capital Management LLC’s holdings in Atour Lifestyle were worth $8,075,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ATAT. Baillie Gifford & Co. acquired a new position in shares of Atour Lifestyle during the fourth quarter valued at $6,973,000. AIA Group Ltd increased its holdings in shares of Atour Lifestyle by 822.9% in the 3rd quarter. AIA Group Ltd now owns 99,863 shares of the company’s stock worth $3,754,000 after acquiring an additional 89,043 shares during the period. Broad Peak Investment Advisers Pte Ltd acquired a new stake in shares of Atour Lifestyle in the 4th quarter worth about $31,756,000. Lighthouse Investment Partners LLC acquired a new stake in shares of Atour Lifestyle in the 3rd quarter worth about $7,102,000. Finally, KADENSA CAPITAL Ltd lifted its position in Atour Lifestyle by 28.7% in the 3rd quarter. KADENSA CAPITAL Ltd now owns 425,879 shares of the company’s stock valued at $16,009,000 after purchasing an additional 94,967 shares during the last quarter. 17.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ATAT. UBS Group reissued a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Weiss Ratings cut Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Morgan Stanley reiterated an “overweight” rating and set a $45.00 price objective on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Zacks Research raised Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, Atour Lifestyle currently has an average rating of “Buy” and a consensus target price of $48.00.

Atour Lifestyle Price Performance

Shares of ATAT stock opened at $32.21 on Monday. The stock has a 50-day simple moving average of $34.35 and a 200 day simple moving average of $36.67. The stock has a market capitalization of $4.43 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.79 and a beta of 0.65. Atour Lifestyle Holdings Limited Sponsored ADR has a fifty-two week low of $31.02 and a fifty-two week high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. Atour Lifestyle had a net margin of 17.22% and a return on equity of 51.75%. The firm had revenue of $407.74 million for the quarter, compared to analysts’ expectations of $379.74 million. On average, sell-side analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 earnings per share for the current year.

Atour Lifestyle Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a $0.54 dividend. This represents a dividend yield of 162.0%. The ex-dividend date was Friday, June 5th. This is an increase from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s payout ratio is presently 27.42%.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.