Pictet Asset Management Holding SA Acquires 95,165 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Pictet Asset Management Holding SA lifted its holdings in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 299.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,979 shares of the company’s stock after purchasing an additional 95,165 shares during the quarter. Pictet Asset Management Holding SA owned 0.09% of Atour Lifestyle worth $4,674,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its position in shares of Atour Lifestyle by 1.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock valued at $40,739,000 after purchasing an additional 14,453 shares during the period. American Century Companies Inc. raised its holdings in Atour Lifestyle by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 68,633 shares of the company’s stock worth $2,231,000 after buying an additional 8,332 shares during the period. First Trust Advisors LP bought a new position in Atour Lifestyle in the second quarter valued at approximately $1,586,000. Jump Financial LLC lifted its stake in Atour Lifestyle by 38.0% in the second quarter. Jump Financial LLC now owns 62,192 shares of the company’s stock valued at $2,022,000 after buying an additional 17,124 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Atour Lifestyle by 172.5% in the second quarter. Qube Research & Technologies Ltd now owns 975,098 shares of the company’s stock valued at $31,700,000 after buying an additional 617,292 shares during the period. Institutional investors own 17.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

Atour Lifestyle Price Performance

Shares of ATAT opened at $32.22 on Friday. Atour Lifestyle Holdings Limited Sponsored ADR has a twelve month low of $31.14 and a twelve month high of $43.17. The stock has a market capitalization of $4.43 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.79 and a beta of 0.65. The company has a 50 day moving average of $34.96 and a 200-day moving average of $37.03.

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

Atour Lifestyle Increases Dividend

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

Atour Lifestyle 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.