Prudential PLC Sells 179,146 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Prudential PLC lowered its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 21.8% in the fourth quarter, Holdings Channel reports. The firm owned 643,201 shares of the company’s stock after selling 179,146 shares during the quarter. Prudential PLC’s holdings in Atour Lifestyle were worth $25,342,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. OLP CAPITAL MANAGEMENT Ltd grew its position in Atour Lifestyle by 6.4% in the third quarter. OLP CAPITAL MANAGEMENT Ltd now owns 8,524,608 shares of the company’s stock valued at $320,440,000 after purchasing an additional 509,267 shares in the last quarter. Vanguard Group Inc. grew its position in Atour Lifestyle by 22.5% in the fourth quarter. Vanguard Group Inc. now owns 3,406,470 shares of the company’s stock valued at $134,215,000 after purchasing an additional 626,755 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. grew its position in Atour Lifestyle by 986.9% in the third quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,290,136 shares of the company’s stock valued at $86,086,000 after purchasing an additional 2,079,436 shares in the last quarter. Schroder Investment Management Group grew its position in Atour Lifestyle by 69.5% in the third quarter. Schroder Investment Management Group now owns 1,656,928 shares of the company’s stock valued at $62,532,000 after purchasing an additional 679,256 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Atour Lifestyle by 1.0% in the first 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 in the last quarter. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Price Performance

Shares of ATAT opened at $34.03 on Friday. The firm has a 50-day moving average of $36.68 and a 200-day moving average of $38.05. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $29.81 and a one year high of $43.17. The company has a market cap of $4.70 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data 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 net margin of 17.22% and a return on equity of 51.75%. The company had revenue of $407.74 million during the quarter, compared to the consensus estimate of $379.74 million. Analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 earnings per share for the current year.

Atour Lifestyle Increases Dividend

The business also recently announced an annual dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, June 5th. This represents a dividend yield of 159.0%. This is a boost from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s dividend payout ratio is 17.74%.

Wall Street Analysts Forecast Growth

ATAT has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Morgan Stanley reissued an “overweight” rating and issued a $45.00 price objective on shares of Atour Lifestyle in a research report on Tuesday, March 17th. UBS Group reissued a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Finally, Zacks Research raised shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $48.00.

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.