Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 14.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 529,125 shares of the company’s stock after selling 90,496 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned about 0.38% of Atour Lifestyle worth $19,878,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATAT. Hollencrest Capital Management purchased a new position in Atour Lifestyle in the second quarter valued at approximately $29,000. Loomis Sayles & Co. L P raised its stake in Atour Lifestyle by 322.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock worth $47,000 after acquiring an additional 1,111 shares in the last quarter. Blue Trust Inc. purchased a new stake in Atour Lifestyle in the third quarter valued at $60,000. Asset Management One Co. Ltd. acquired a new position in Atour Lifestyle in the third quarter valued at $113,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Atour Lifestyle during the second quarter worth about $118,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Shares of ATAT stock opened at $37.59 on Thursday. The stock has a market cap of $5.19 billion, a PE ratio of 25.57, a P/E/G ratio of 0.80 and a beta of 0.80. Atour Lifestyle Holdings Limited Sponsored ADR has a 1 year low of $21.50 and a 1 year high of $43.17. The stock has a fifty day moving average price of $40.25 and a 200 day moving average price of $37.98.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $368.95 million during the quarter, compared to analysts’ expectations of $340.27 million. Atour Lifestyle had a return on equity of 44.62% and a net margin of 16.21%. As a group, equities research analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current year.

Atour Lifestyle Cuts Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a yield of 84.0%. Atour Lifestyle’s payout ratio is presently 22.45%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Macquarie raised their target price on shares of Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Jefferies Financial Group began coverage on shares of Atour Lifestyle in a report on Monday, September 29th. They issued a “buy” rating and a $48.00 target price on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th. Finally, Citigroup upped their target price on shares of Atour Lifestyle from $43.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.30.

About Atour Lifestyle

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.