Hsbc Holdings PLC Trims Stock Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Hsbc Holdings PLC lessened its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 13.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 162,686 shares of the company’s stock after selling 25,344 shares during the period. Hsbc Holdings PLC’s holdings in Atour Lifestyle were worth $5,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Baillie Gifford & Co. bought a new position in Atour Lifestyle in the fourth quarter valued at $6,973,000. Broad Peak Investment Advisers Pte Ltd bought a new stake in Atour Lifestyle during the fourth quarter worth about $31,756,000. SG Americas Securities LLC lifted its stake in Atour Lifestyle by 43.8% during the fourth quarter. SG Americas Securities LLC now owns 702,496 shares of the company’s stock worth $27,678,000 after purchasing an additional 214,099 shares during the last quarter. WFM ASIA BVI Ltd boosted its holdings in shares of Atour Lifestyle by 184.4% in the 4th quarter. WFM ASIA BVI Ltd now owns 3,155,425 shares of the company’s stock worth $124,324,000 after purchasing an additional 2,045,832 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Atour Lifestyle by 121.8% in the 4th quarter. Legal & General Group Plc now owns 155,165 shares of the company’s stock worth $6,114,000 after purchasing an additional 85,201 shares in the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Atour Lifestyle stock opened at $31.46 on Friday. The firm has a 50-day moving average of $33.23 and a 200-day moving average of $36.10. The firm has a market cap of $4.32 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.77 and a beta of 0.65. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $30.77 and a 1-year high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $407.74 million for 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%. Research analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 earnings per share for the current fiscal year.

Atour Lifestyle Increases Dividend

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

Analyst Upgrades and Downgrades

ATAT has been the topic of several research reports. Weiss Ratings downgraded shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Zacks Research cut shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Atour Lifestyle 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.