Renaissance Technologies LLC Buys 437,900 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Renaissance Technologies LLC raised its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 126.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 783,400 shares of the company’s stock after purchasing an additional 437,900 shares during the period. Renaissance Technologies LLC owned 0.57% of Atour Lifestyle worth $14,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Quadrature Capital Ltd bought a new stake in Atour Lifestyle in the fourth quarter worth $260,000. SG Americas Securities LLC bought a new stake in shares of Atour Lifestyle in the 1st quarter worth about $275,000. Capstone Investment Advisors LLC boosted its stake in shares of Atour Lifestyle by 33.3% during the 4th quarter. Capstone Investment Advisors LLC now owns 20,000 shares of the company’s stock worth $347,000 after purchasing an additional 5,000 shares during the period. Van Berkom & Associates Inc. bought a new position in Atour Lifestyle during the 2nd quarter valued at about $492,000. Finally, Sei Investments Co. raised its position in Atour Lifestyle by 112.9% in the 1st quarter. Sei Investments Co. now owns 110,634 shares of the company’s stock worth $1,985,000 after purchasing an additional 58,667 shares during the period. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Price Performance

Shares of NASDAQ:ATAT opened at $21.22 on Monday. The firm has a market capitalization of $2.92 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 0.49 and a beta of 0.59. The business has a 50 day simple moving average of $17.93 and a two-hundred day simple moving average of $18.18. Atour Lifestyle Holdings Limited has a 1 year low of $15.06 and a 1 year high of $21.50.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. The business had revenue of $247.28 million for the quarter, compared to analysts’ expectations of $244.72 million. Equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.22 EPS for the current fiscal year.

Atour Lifestyle Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be paid a $0.40 dividend. This represents a yield of 2.1%. The ex-dividend date is Tuesday, September 17th. Atour Lifestyle’s dividend payout ratio is presently 43.30%.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.