Legal & General Group Plc Acquires 85,201 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Legal & General Group Plc lifted its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 121.8% during the 4th quarter, Holdings Channel reports. The firm owned 155,165 shares of the company’s stock after purchasing an additional 85,201 shares during the quarter. Legal & General Group Plc’s holdings in Atour Lifestyle were worth $6,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Atour Lifestyle by 651.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after purchasing an additional 580 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Atour Lifestyle by 65.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after acquiring an additional 325 shares in the last quarter. Assetmark Inc. bought a new position in Atour Lifestyle in the third quarter worth approximately $37,000. Quarry LP bought a new position in Atour Lifestyle in the third quarter worth approximately $66,000. Finally, Morse Asset Management Inc bought a new position in Atour Lifestyle in the third quarter worth approximately $118,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Down 1.8%

Shares of Atour Lifestyle stock opened at $33.42 on Friday. The company has a market cap of $4.62 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 0.82 and a beta of 0.62. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $29.81 and a 52 week high of $43.17. The business has a 50 day moving average price of $36.63 and a 200-day moving average price of $38.02.

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

Atour Lifestyle Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.36. This represents a dividend yield of 162.0%. Atour Lifestyle’s dividend payout ratio (DPR) is 17.74%.

Analysts Set New Price Targets

ATAT has been the topic of several recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $45.00 price target on shares of Atour Lifestyle in a report on Tuesday, March 17th. Weiss Ratings lowered Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Zacks Research upgraded Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Wednesday. UBS Group reiterated a “buy” rating on shares of Atour Lifestyle in a report on Tuesday, March 17th. Finally, Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $48.00.

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.