Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Holdings Raised by M&G Plc

M&G PLC raised its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 173.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,518,106 shares of the company's stock after acquiring an additional 2,230,247 shares during the quarter. M&G PLC owned approximately 2.56% of Atour Lifestyle worth $91,471,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ATAT. First Beijing Investment Ltd grew its position in shares of Atour Lifestyle by 175.0% in the 3rd quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company's stock worth $146,290,000 after acquiring an additional 3,588,469 shares in the last quarter. Vanguard Group Inc. bought a new stake in Atour Lifestyle during the first quarter valued at $35,534,000. Sylebra Capital LLC raised its holdings in shares of Atour Lifestyle by 0.8% during the first quarter. Sylebra Capital LLC now owns 1,511,061 shares of the company's stock worth $27,108,000 after purchasing an additional 11,780 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Atour Lifestyle by 363.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 883,921 shares of the company's stock worth $15,859,000 after buying an additional 693,322 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Atour Lifestyle by 126.7% in the 2nd quarter. Renaissance Technologies LLC now owns 783,400 shares of the company's stock valued at $14,375,000 after buying an additional 437,900 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Trading Up 1.1 %

ATAT traded up $0.30 on Thursday, hitting $26.70. 1,325,073 shares of the company's stock were exchanged, compared to its average volume of 920,660. The stock has a fifty day moving average of $24.15 and a two-hundred day moving average of $20.00. Atour Lifestyle Holdings Limited has a twelve month low of $15.06 and a twelve month high of $29.15. The firm has a market cap of $3.67 billion, a PE ratio of 25.63, a P/E/G ratio of 0.63 and a beta of 0.64.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company 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%. On average, analysts predict that Atour Lifestyle Holdings Limited will post 1.22 EPS for the current year.

Atour Lifestyle Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 17th. This represents a dividend yield of 2.1%. Atour Lifestyle's dividend payout ratio is currently 40.78%.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People's Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.