Atour Lifestyle (NASDAQ:ATAT) Sets New 12-Month High at $27.03

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) reached a new 52-week high on Monday . The company traded as high as $27.03 and last traded at $27.03, with a volume of 50514 shares. The stock had previously closed at $25.38.

Atour Lifestyle Price Performance

The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 0.52 and a beta of 0.59. The firm’s fifty day moving average price is $18.50 and its 200-day moving average price is $18.34.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results 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 return on equity of 47.07% and a net margin of 17.16%. The firm had revenue of $247.28 million during the quarter, compared to analyst estimates of $244.72 million. On average, research analysts predict that Atour Lifestyle Holdings Limited will post 1.22 earnings per share for the current year.

Atour Lifestyle Dividend Announcement

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 given a dividend of $0.40 per share. The ex-dividend date is Tuesday, September 17th. This represents a yield of 2.1%. Atour Lifestyle’s dividend payout ratio is presently 43.30%.

Hedge Funds Weigh In On Atour Lifestyle

Several large investors have recently modified their holdings of ATAT. Norges Bank bought a new position in shares of Atour Lifestyle during the fourth quarter worth about $13,020,000. Capstone Investment Advisors LLC raised its holdings in 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 last quarter. Burgundy Asset Management Ltd. lifted its position in shares of Atour Lifestyle by 14.5% in the 4th quarter. Burgundy Asset Management Ltd. now owns 431,105 shares of the company’s stock worth $7,484,000 after purchasing an additional 54,502 shares during the period. Aspex Management HK Ltd bought a new stake in shares of Atour Lifestyle in the 4th quarter valued at $61,194,000. Finally, Schroder Investment Management Group increased its position in shares of Atour Lifestyle by 287.8% during the fourth quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock worth $24,732,000 after buying an additional 1,057,305 shares during the period. Institutional investors own 17.79% of the company’s stock.

About Atour Lifestyle

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.