Los Angeles Capital Management LLC Invests $666,000 in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Los Angeles Capital Management LLC purchased a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,674 shares of the company's stock, valued at approximately $666,000.

A number of other hedge funds also recently made changes to their positions in the stock. Burgundy Asset Management Ltd. boosted its stake in shares of Atour Lifestyle by 0.5% in the first quarter. Burgundy Asset Management Ltd. now owns 433,350 shares of the company's stock worth $7,774,000 after acquiring an additional 2,245 shares during the period. Marshall Wace LLP grew its holdings in Atour Lifestyle by 19.6% during the 2nd quarter. Marshall Wace LLP now owns 63,289 shares of the company's stock valued at $1,161,000 after buying an additional 10,386 shares in the last quarter. Sylebra Capital LLC increased its stake in Atour Lifestyle by 0.8% in the 1st quarter. Sylebra Capital LLC now owns 1,511,061 shares of the company's stock worth $27,108,000 after acquiring an additional 11,780 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Atour Lifestyle during the 1st quarter worth approximately $275,000. Finally, XTX Topco Ltd bought a new position in shares of Atour Lifestyle during the 2nd quarter valued at approximately $390,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Trading Down 0.4 %

ATAT traded down $0.11 during trading hours on Friday, hitting $26.00. The company's stock had a trading volume of 983,194 shares, compared to its average volume of 992,224. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 0.63 and a beta of 0.64. The business's 50-day moving average price is $25.20 and its 200-day moving average price is $20.41. Atour Lifestyle Holdings Limited has a 12 month low of $15.06 and a 12 month high of $29.15.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.30 earnings per share 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 business had revenue of $247.28 million during the quarter, compared to the consensus estimate of $244.72 million. On average, analysts forecast that Atour Lifestyle Holdings Limited will post 1.22 earnings per share for the current year.

Atour Lifestyle Announces Dividend

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

Atour Lifestyle Company Profile

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.