Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Stock Holdings Lessened by Sylebra Capital LLC

Sylebra Capital LLC lowered its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 31.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 758,245 shares of the company’s stock after selling 353,479 shares during the period. Atour Lifestyle makes up about 0.8% of Sylebra Capital LLC’s investment portfolio, making the stock its 21st largest holding. Sylebra Capital LLC’s holdings in Atour Lifestyle were worth $20,389,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. increased its holdings in shares of Atour Lifestyle by 3.8% in the fourth quarter. American Century Companies Inc. now owns 62,772 shares of the company’s stock valued at $1,688,000 after buying an additional 2,321 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its stake in Atour Lifestyle by 11.9% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company’s stock valued at $626,000 after purchasing an additional 2,469 shares during the period. Jump Financial LLC raised its stake in Atour Lifestyle by 1.5% during the 4th quarter. Jump Financial LLC now owns 180,409 shares of the company’s stock valued at $4,851,000 after purchasing an additional 2,620 shares during the period. Invesco Ltd. raised its stake in Atour Lifestyle by 5.4% during the 4th quarter. Invesco Ltd. now owns 67,117 shares of the company’s stock valued at $1,805,000 after purchasing an additional 3,437 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Atour Lifestyle by 6.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 66,702 shares of the company’s stock valued at $1,794,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Down 1.2%

Atour Lifestyle stock opened at $32.47 on Tuesday. The company’s fifty day simple moving average is $26.86 and its 200-day simple moving average is $27.43. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $34.23. The stock has a market cap of $4.49 billion, a P/E ratio of 27.99, a P/E/G ratio of 0.59 and a beta of 0.59.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The business had revenue of $285.58 million for the quarter, compared to analysts’ expectations of $275.49 million. On average, equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle declared that its board has approved a stock repurchase plan on Thursday, May 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Atour Lifestyle Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.42 per share. This is a boost from Atour Lifestyle’s previous annual dividend of $0.40. This represents a dividend yield of 1.3%. The ex-dividend date is Monday, June 2nd. Atour Lifestyle’s payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

ATAT has been the topic of several recent analyst reports. Citigroup reissued a “buy” rating and set a $38.00 target price (up from $36.50) on shares of Atour Lifestyle in a research note on Friday. Bank of America boosted their target price on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research note on Friday, March 14th. Wall Street Zen raised shares of Atour Lifestyle from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 22nd. Finally, UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the company a “buy” rating in a research note on Thursday, March 6th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $36.63.

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.