Renaissance Technologies LLC Has $79.31 Million Stock Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Renaissance Technologies LLC lessened its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,154,468 shares of the company’s stock after selling 24,500 shares during the period. Renaissance Technologies LLC’s holdings in Atour Lifestyle were worth $79,306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATAT. Caitong International Asset Management Co. Ltd boosted its holdings in Atour Lifestyle by 651.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after acquiring an additional 580 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Atour Lifestyle in the fourth quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its holdings in Atour Lifestyle by 65.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after purchasing an additional 325 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Atour Lifestyle during the fourth quarter worth about $37,000. Finally, Hollencrest Capital Management acquired a new position in Atour Lifestyle in the 1st quarter worth $46,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Up 1.6%

Shares of ATAT opened at $31.95 on Friday. The stock has a market cap of $4.39 billion, a P/E ratio of 17.18, a P/E/G ratio of 0.78 and a beta of 0.65. Atour Lifestyle Holdings Limited Sponsored ADR has a 12-month low of $30.77 and a 12-month high of $43.17. The business’s fifty day moving average is $33.10 and its 200 day moving average is $36.07.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%.The business had revenue of $407.74 million during the quarter, compared to the consensus estimate of $379.74 million. On average, analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 EPS for the current year.

Atour Lifestyle Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid a $0.54 dividend. The ex-dividend date was Friday, June 5th. This represents a yield of 162.0%. This is an increase from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s dividend payout ratio (DPR) is presently 27.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ATAT. Zacks Research downgraded shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings cut Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.