Atour Lifestyle (NASDAQ:ATAT) Hits New 52-Week High at $22.45

Atour Lifestyle Holdings Limited (NASDAQ:ATAT)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $22.45 and last traded at $22.45, with a volume of 10930 shares trading hands. The stock had previously closed at $21.31.

Atour Lifestyle Trading Up 4.1 %

The company’s 50-day moving average price is $17.99 and its two-hundred day moving average price is $18.20. The company has a market cap of $3.05 billion, a P/E ratio of 21.97, a P/E/G ratio of 0.49 and a beta of 0.59.

Atour Lifestyle (NASDAQ:ATAT) last posted its earnings results on Thursday, August 29th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $247.28 million during the quarter, compared to the consensus estimate of $244.72 million. Atour Lifestyle had a return on equity of 47.07% and a net margin of 17.16%. As a group, analysts anticipate that Atour Lifestyle Holdings Limited will post 1.22 earnings per share for the current year.

Atour Lifestyle Announces Dividend

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

Institutional Investors Weigh In On Atour Lifestyle

Several hedge funds have recently made changes to their positions in ATAT. Quadrature Capital Ltd bought a new position in Atour Lifestyle in the 4th quarter worth approximately $260,000. SG Americas Securities LLC bought a new position in Atour Lifestyle during the first quarter worth about $275,000. Capstone Investment Advisors LLC boosted its holdings in Atour Lifestyle by 33.3% during the fourth quarter. Capstone Investment Advisors LLC now owns 20,000 shares of the company’s stock worth $347,000 after buying an additional 5,000 shares during the last quarter. XTX Topco Ltd bought a new position in Atour Lifestyle during the second quarter worth about $390,000. Finally, Van Berkom & Associates Inc. bought a new position in shares of Atour Lifestyle during the 2nd quarter valued at about $492,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

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.