OVERSEA CHINESE BANKING Corp Ltd Sells 440,553 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

OVERSEA CHINESE BANKING Corp Ltd lessened its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 36.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 761,645 shares of the company's stock after selling 440,553 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.55% of Atour Lifestyle worth $19,757,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $275,000. Sei Investments Co. grew its stake in shares of Atour Lifestyle by 112.9% in the 1st quarter. Sei Investments Co. now owns 110,634 shares of the company's stock worth $1,985,000 after purchasing an additional 58,667 shares during the last quarter. Vanguard Group Inc. acquired a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $35,534,000. Burgundy Asset Management Ltd. grew its stake in shares of Atour Lifestyle by 0.5% in the 1st quarter. Burgundy Asset Management Ltd. now owns 433,350 shares of the company's stock worth $7,774,000 after purchasing an additional 2,245 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $7,300,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Trading Up 2.1 %

Shares of ATAT traded up $0.56 during midday trading on Tuesday, hitting $27.35. The stock had a trading volume of 619,904 shares, compared to its average volume of 917,301. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.06 and a fifty-two week high of $29.15. The business has a 50-day simple moving average of $24.62 and a two-hundred day simple moving average of $20.20. The firm has a market cap of $3.76 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 0.64 and a beta of 0.64.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly 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 analyst estimates of $244.72 million. Atour Lifestyle had a return on equity of 47.07% and a net margin of 17.16%. On average, analysts expect that Atour Lifestyle Holdings Limited will post 1.22 earnings per share for the current fiscal year.

Atour Lifestyle Announces Dividend

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