Bank of America Corp DE Has $88.86 Million Stock Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Bank of America Corp DE trimmed its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 28.7% during the first quarter, Holdings Channel reports. The institutional investor owned 2,414,148 shares of the company’s stock after selling 973,655 shares during the quarter. Bank of America Corp DE’s holdings in Atour Lifestyle were worth $88,865,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Van Berkom & Associates Inc. increased its position in shares of Atour Lifestyle by 0.4% during the first quarter. Van Berkom & Associates Inc. now owns 70,343 shares of the company’s stock worth $2,589,000 after acquiring an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Atour Lifestyle by 65.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock valued at $32,000 after acquiring an additional 325 shares in the last quarter. Royal Bank of Canada lifted its position in Atour Lifestyle by 7.3% in the 4th quarter. Royal Bank of Canada now owns 7,469 shares of the company’s stock valued at $294,000 after acquiring an additional 511 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Atour Lifestyle by 651.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after purchasing an additional 580 shares during the last quarter. Finally, Advyzon Investment Management LLC boosted its stake in Atour Lifestyle by 10.6% during the 4th quarter. Advyzon Investment Management LLC now owns 6,350 shares of the company’s stock valued at $250,000 after purchasing an additional 607 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Price Performance

ATAT opened at $35.31 on Friday. Atour Lifestyle Holdings Limited Sponsored ADR has a 1 year low of $30.77 and a 1 year high of $43.17. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 0.98 and a beta of 0.64. The firm’s fifty day moving average price is $33.07 and its two-hundred day moving average price is $35.74.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Wednesday, May 13th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.37 by $0.11. Atour Lifestyle had a net margin of 17.22% and a return on equity of 51.75%. The company had revenue of $407.74 million during the quarter, compared to the consensus estimate of $379.74 million. As a group, equities analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.1 EPS for the current year.

Atour Lifestyle Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were given a $0.54 dividend. This represents a yield of 162.0%. The ex-dividend date of this dividend was Friday, June 5th. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s payout ratio is currently 27.42%.

Wall Street Analyst Weigh In

A number of analysts have commented on ATAT shares. Weiss Ratings lowered Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Zacks Research lowered Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Atour Lifestyle has a consensus rating of “Moderate Buy” and a consensus 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.