3G Capital Partners LP Lowers Holdings in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

3G Capital Partners LP decreased its stake in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 56.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 175,000 shares of the company’s stock after selling 225,000 shares during the quarter. Atour Lifestyle makes up approximately 1.6% of 3G Capital Partners LP’s investment portfolio, making the stock its 13th largest position. 3G Capital Partners LP’s holdings in Atour Lifestyle were worth $6,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Atour Lifestyle by 651.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock worth $25,000 after buying an additional 580 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 325 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in Atour Lifestyle in the 4th quarter worth about $37,000. Assetmark Inc. purchased a new position in Atour Lifestyle during the third quarter worth approximately $37,000. Finally, Quarry LP purchased a new position in Atour Lifestyle during the third quarter worth approximately $66,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Price Performance

Shares of Atour Lifestyle stock opened at $33.47 on Thursday. The business has a 50 day simple moving average of $36.19 and a two-hundred day simple moving average of $37.79. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $29.81 and a 12 month high of $43.17. The stock has a market capitalization of $4.63 billion, a P/E ratio of 17.99, a PEG ratio of 0.80 and a beta of 0.62.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Wednesday, May 13th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $379.74 million. As a group, research analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 EPS for the current fiscal year.

Atour Lifestyle Increases Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 5th. This is an increase from Atour Lifestyle’s previous annual dividend of $0.36. This represents a dividend yield of 162.0%. Atour Lifestyle’s payout ratio is currently 27.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ATAT. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Weiss Ratings downgraded Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Zacks Research upgraded Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating and set a $45.00 price target on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Finally, UBS Group reiterated a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat, Atour Lifestyle has a consensus rating of “Buy” and a consensus target price of $48.00.

About Atour Lifestyle

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.