Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Short Interest Update

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 2,920,000 shares, a decline of 8.5% from the September 30th total of 3,190,000 shares. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.7% of the shares of the stock are short sold.

Atour Lifestyle Trading Down 4.1 %

Shares of NASDAQ:ATAT traded down $1.12 on Wednesday, hitting $26.38. The company had a trading volume of 707,404 shares, compared to its average volume of 921,374. Atour Lifestyle has a 52-week low of $15.06 and a 52-week high of $29.15. The business has a 50 day moving average of $23.05 and a 200 day moving average of $19.63. The company has a market cap of $3.63 billion, a PE ratio of 28.35, a PEG ratio of 0.68 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $247.28 million for the quarter, compared to analysts' expectations of $244.72 million. Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. As a group, equities analysts predict that Atour Lifestyle 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 issued 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 dividend payout ratio (DPR) is 43.30%.

Hedge Funds Weigh In On Atour Lifestyle

Several hedge funds have recently modified their holdings of ATAT. GAM Holding AG acquired a new stake in shares of Atour Lifestyle during the third quarter valued at approximately $2,594,000. Ghisallo Capital Management LLC boosted its position in Atour Lifestyle by 366.5% during the second quarter. Ghisallo Capital Management LLC now owns 466,500 shares of the company's stock worth $8,560,000 after purchasing an additional 366,500 shares during the period. Marshall Wace LLP increased its stake in shares of Atour Lifestyle by 19.6% in the second quarter. Marshall Wace LLP now owns 63,289 shares of the company's stock worth $1,161,000 after purchasing an additional 10,386 shares during the period. Canada Pension Plan Investment Board increased its position in Atour Lifestyle by 134.8% during the second quarter. Canada Pension Plan Investment Board now owns 267,510 shares of the company's stock worth $4,909,000 after acquiring an additional 153,600 shares during the period. Finally, Burgundy Asset Management Ltd. raised its holdings in Atour Lifestyle by 41.6% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 613,718 shares of the company's stock valued at $11,262,000 after acquiring an additional 180,368 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors and hedge funds.

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.