Principal Financial Group Inc. Sells 587,798 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Principal Financial Group Inc. trimmed its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 26.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,639,463 shares of the company’s stock after selling 587,798 shares during the quarter. Principal Financial Group Inc.’s holdings in Atour Lifestyle were worth $61,627,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATAT. SG Americas Securities LLC increased its stake in Atour Lifestyle by 11,289.7% in the 2nd quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company’s stock worth $45,211,000 after acquiring an additional 1,378,476 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. bought a new position in shares of Atour Lifestyle during the 2nd quarter valued at approximately $29,259,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Atour Lifestyle by 173.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,381,600 shares of the company’s stock valued at $44,916,000 after purchasing an additional 877,153 shares in the last quarter. Norges Bank purchased a new position in shares of Atour Lifestyle in the second quarter valued at $27,627,000. Finally, Aspex Management HK Ltd increased its position in Atour Lifestyle by 17.8% in the second quarter. Aspex Management HK Ltd now owns 5,314,881 shares of the company’s stock worth $172,787,000 after purchasing an additional 804,245 shares during the last quarter. 17.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ATAT has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Atour Lifestyle in a research report on Wednesday, November 12th. They set an “overweight” rating and a $57.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, January 21st. Zacks Research lowered Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Macquarie boosted their price objective on Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Finally, CLSA assumed coverage on Atour Lifestyle in a research note on Friday, January 2nd. They issued an “outperform” rating and a $49.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.30.

Atour Lifestyle Trading Down 1.0%

ATAT stock opened at $36.08 on Wednesday. The stock has a market cap of $4.99 billion, a PE ratio of 24.54, a P/E/G ratio of 0.75 and a beta of 0.80. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $21.50 and a 12 month high of $43.17. The company has a 50-day moving average price of $39.75 and a 200 day moving average price of $38.20.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Atour Lifestyle had a net margin of 16.21% and a return on equity of 44.62%. The business had revenue of $368.95 million during the quarter, compared to the consensus estimate of $340.27 million. Sell-side analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Atour Lifestyle Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were paid a dividend of $0.36 per share. This represents a dividend yield of 84.0%. The ex-dividend date of this dividend was Friday, December 5th. Atour Lifestyle’s dividend payout ratio (DPR) is currently 22.45%.

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.