Atour Lifestyle (NASDAQ:ATAT) Sees Unusually-High Trading Volume – Here’s What Happened

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) shares saw an uptick in trading volume on Wednesday . 1,659,834 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 946,324 shares.The stock last traded at $25.25 and had previously closed at $25.00.

Atour Lifestyle Stock Down 0.7 %

The stock has a 50 day simple moving average of $26.02 and a 200 day simple moving average of $20.78. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 0.62 and a beta of 0.64.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $247.28 million during the quarter, compared to analysts’ expectations of $244.72 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. As a group, equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.22 EPS for the current fiscal year.

Atour Lifestyle Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 17th. This represents a yield of 2.1%. Atour Lifestyle’s dividend payout ratio (DPR) is presently 36.21%.

Institutional Trading of Atour Lifestyle

A number of hedge funds have recently made changes to their positions in ATAT. First Beijing Investment Ltd raised its stake in shares of Atour Lifestyle by 175.0% in the 3rd quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company’s stock valued at $146,290,000 after purchasing an additional 3,588,469 shares in the last quarter. M&G PLC lifted its holdings in Atour Lifestyle by 173.2% during the 3rd quarter. M&G PLC now owns 3,518,106 shares of the company’s stock worth $91,471,000 after buying an additional 2,230,247 shares during the last quarter. Vanguard Group Inc. bought a new stake in shares of Atour Lifestyle in the 1st quarter valued at approximately $35,534,000. M&G Plc acquired a new position in Atour Lifestyle in the second quarter worth $23,181,000. Finally, Prudential PLC bought a new position in shares of Atour Lifestyle in the 2nd quarter worth about $13,161,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Company 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.