BRIGHT VALLEY CAPITAL Ltd Has $2.99 Million Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

BRIGHT VALLEY CAPITAL Ltd lowered its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 69.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 92,000 shares of the company’s stock after selling 208,000 shares during the quarter. Atour Lifestyle makes up approximately 2.3% of BRIGHT VALLEY CAPITAL Ltd’s investment portfolio, making the stock its 7th largest position. BRIGHT VALLEY CAPITAL Ltd’s holdings in Atour Lifestyle were worth $2,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in shares of Atour Lifestyle by 867.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 645,399 shares of the company’s stock valued at $18,297,000 after acquiring an additional 578,697 shares during the period. AIA Group Ltd bought a new position in Atour Lifestyle in the 1st quarter worth $307,000. ABN Amro Investment Solutions bought a new position in Atour Lifestyle in the 2nd quarter worth $3,601,000. HighTower Advisors LLC lifted its position in Atour Lifestyle by 79.6% during the first quarter. HighTower Advisors LLC now owns 34,173 shares of the company’s stock valued at $969,000 after purchasing an additional 15,146 shares in the last quarter. Finally, WFM ASIA BVI Ltd bought a new stake in Atour Lifestyle during the first quarter valued at about $17,444,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Shares of NASDAQ ATAT opened at $37.16 on Wednesday. The company has a market cap of $5.14 billion, a P/E ratio of 26.93, a P/E/G ratio of 1.04 and a beta of 0.79. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $21.50 and a 52-week high of $42.34. The firm’s fifty day moving average is $38.07 and its two-hundred day moving average is $35.58.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business 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%. As a group, analysts forecast 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 announced an annual dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a dividend yield of 97.0%. Atour Lifestyle’s dividend payout ratio (DPR) is 28.26%.

Analysts Set New Price Targets

Several research analysts have recently commented 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. Jefferies Financial Group started coverage on shares of Atour Lifestyle in a report on Monday, September 29th. They issued a “buy” rating and a $48.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on shares of Atour Lifestyle in a report on Wednesday, November 12th. They set an “overweight” rating and a $57.00 price target on the stock. Finally, Zacks Research raised shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research note 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $43.21.

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.