Atour Lifestyle (NASDAQ:ATAT) Shares Gap Down to $27.65

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $27.65, but opened at $26.57. Atour Lifestyle shares last traded at $27.41, with a volume of 184,179 shares traded.

Atour Lifestyle Trading Down 1.9 %

The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 0.52 and a beta of 0.59. The firm has a fifty day moving average price of $19.07 and a 200 day moving average price of $18.49.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings data 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). Atour Lifestyle had a return on equity of 47.07% and a net margin of 17.16%. The firm had revenue of $247.28 million for the quarter, compared to analyst estimates of $244.72 million. As a group, equities analysts predict that Atour Lifestyle Holdings Limited will post 1.22 EPS for the current fiscal year.

Atour Lifestyle Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.40 per share. 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 43.30%.

Institutional Investors Weigh In On Atour Lifestyle

Large investors have recently modified their holdings of the business. Norges Bank acquired a new position in Atour Lifestyle in the 4th quarter worth $13,020,000. Aspex Management HK Ltd acquired a new stake in shares of Atour Lifestyle in the 4th quarter valued at about $61,194,000. Schroder Investment Management Group raised its stake in shares of Atour Lifestyle by 287.8% in the 4th quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company's stock valued at $24,732,000 after purchasing an additional 1,057,305 shares during the period. Ghisallo Capital Management LLC raised its stake in shares of Atour Lifestyle by 1,170.0% in the 4th quarter. Ghisallo Capital Management LLC now owns 635,000 shares of the company's stock valued at $11,024,000 after purchasing an additional 585,000 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Atour Lifestyle in the 4th quarter valued at about $11,312,000. 17.79% of the stock is currently owned by institutional investors.

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.

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