Hsbc Holdings PLC Buys New Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Hsbc Holdings PLC bought a new stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 188,030 shares of the company’s stock, valued at approximately $7,430,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Atour Lifestyle by 65.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after acquiring an additional 325 shares during the period. Royal Bank of Canada raised its holdings in Atour Lifestyle by 7.3% during the fourth quarter. Royal Bank of Canada now owns 7,469 shares of the company’s stock worth $294,000 after purchasing an additional 511 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Atour Lifestyle by 651.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock worth $25,000 after purchasing an additional 580 shares in the last quarter. Advyzon Investment Management LLC raised its holdings in Atour Lifestyle by 10.6% during the fourth quarter. Advyzon Investment Management LLC now owns 6,350 shares of the company’s stock worth $250,000 after purchasing an additional 607 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in Atour Lifestyle in the fourth quarter worth approximately $26,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Stock Performance

NASDAQ ATAT opened at $31.84 on Thursday. Atour Lifestyle Holdings Limited Sponsored ADR has a 1 year low of $31.04 and a 1 year high of $43.17. The business’s fifty day moving average is $34.58 and its two-hundred day moving average is $36.81. The stock has a market capitalization of $4.38 billion, a P/E ratio of 17.12, a P/E/G ratio of 0.79 and a beta of 0.65.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.11. The business had revenue of $407.74 million during the quarter, compared to analyst estimates of $379.74 million. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%. On average, research analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 earnings per share for the current year.

Atour Lifestyle Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were given a $0.54 dividend. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.36. The ex-dividend date was Friday, June 5th. This represents a dividend yield of 162.0%. Atour Lifestyle’s dividend payout ratio is 27.42%.

Analyst Ratings Changes

ATAT has been the subject of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $45.00 price target on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Weiss Ratings downgraded Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. UBS Group restated a “buy” rating on shares of Atour Lifestyle in a report on Tuesday, March 17th. Zacks Research raised Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 3rd. Finally, Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $48.00.

Atour Lifestyle Profile

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.