Schroder Investment Management Group Decreases Stake in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Schroder Investment Management Group lessened its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 977,672 shares of the company’s stock after selling 8,815 shares during the quarter. Schroder Investment Management Group owned approximately 0.71% of Atour Lifestyle worth $31,784,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Atlas Capital Advisors Inc. purchased a new stake in Atour Lifestyle during the 1st quarter valued at about $27,000. Loomis Sayles & Co. L P grew its position in shares of Atour Lifestyle by 322.0% in the second quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock valued at $47,000 after purchasing an additional 1,111 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Atour Lifestyle in the first quarter valued at approximately $71,000. AdvisorShares Investments LLC purchased a new position in Atour Lifestyle during the second quarter worth approximately $120,000. Finally, Bank of New York Mellon Corp acquired a new position in Atour Lifestyle during the first quarter worth $215,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on shares of Atour Lifestyle in a research report on Wednesday, November 12th. They set an “overweight” rating and a $57.00 price objective for the company. Macquarie boosted their target price on shares of Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Finally, Jefferies Financial Group began coverage on shares of Atour Lifestyle in a research note on Monday, September 29th. They issued a “buy” rating and a $48.00 price target for the company. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $43.21.

Atour Lifestyle Price Performance

NASDAQ ATAT opened at $40.43 on Tuesday. The company has a market cap of $5.59 billion, a P/E ratio of 27.50, a P/E/G ratio of 1.04 and a beta of 0.80. The stock has a 50-day moving average of $37.97 and a two-hundred day moving average of $35.83. Atour Lifestyle Holdings Limited Sponsored ADR has a 1-year low of $21.50 and a 1-year high of $42.34.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $368.95 million during the quarter, compared to analyst estimates of $340.27 million. Atour Lifestyle had a net margin of 16.21% and a return on equity of 44.62%. Atour Lifestyle has set its FY 2025 guidance at EPS. On average, analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Atour Lifestyle Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be paid a $0.36 dividend. The ex-dividend date is Friday, December 5th. This represents a dividend yield of 97.0%. Atour Lifestyle’s payout ratio is 26.53%.

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.