Hel Ved Capital Management Ltd Purchases New Position in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Hel Ved Capital Management Ltd acquired a new position in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 83,800 shares of the company’s stock, valued at approximately $2,724,000. Hel Ved Capital Management Ltd owned 0.06% of Atour Lifestyle at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ATAT. JPMorgan Chase & Co. grew its position in Atour Lifestyle by 23.6% during the second quarter. JPMorgan Chase & Co. now owns 1,654,120 shares of the company’s stock valued at $53,775,000 after buying an additional 315,534 shares during the period. Goldman Sachs Group Inc. raised its holdings in Atour Lifestyle by 1.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock worth $40,739,000 after purchasing an additional 14,453 shares during the period. SG Americas Securities LLC boosted its position in Atour Lifestyle by 11,289.7% during the second quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company’s stock worth $45,211,000 after purchasing an additional 1,378,476 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Atour Lifestyle by 173.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,381,600 shares of the company’s stock valued at $44,916,000 after purchasing an additional 877,153 shares during the period. Finally, WFM ASIA BVI Ltd raised its stake in shares of Atour Lifestyle by 99.9% during the 2nd quarter. WFM ASIA BVI Ltd now owns 1,229,893 shares of the company’s stock worth $39,984,000 after buying an additional 614,600 shares during the period. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ATAT. JPMorgan Chase & Co. began coverage on shares of Atour Lifestyle in a report on Wednesday, November 12th. They issued an “overweight” rating and a $57.00 price target for the company. Jefferies Financial Group started coverage on shares of Atour Lifestyle in a research report on Monday, September 29th. They issued a “buy” rating and a $48.00 target price on the stock. Citigroup upped their price target on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday. Macquarie lifted their price objective on Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Zacks Research raised Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. One research 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.com, the stock has an average rating of “Buy” and an average target price of $43.21.

Atour Lifestyle Price Performance

ATAT opened at $37.16 on Wednesday. The company’s 50 day simple moving average is $38.07 and its two-hundred day simple moving average is $35.58. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 1.04 and a beta of 0.79. 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 announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $344.49 million for the quarter, compared to the consensus estimate of $326.00 million. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%. On average, equities analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be issued a dividend of $0.36 per share. This represents a dividend yield of 97.0%. The ex-dividend date is Friday, December 5th. Atour Lifestyle’s payout ratio is currently 28.26%.

Atour Lifestyle 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.