Pinpoint Asset Management Singapore Pte. Ltd. Sells 30,507 Shares of Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Pinpoint Asset Management Singapore Pte. Ltd. reduced its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 83.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,006 shares of the company’s stock after selling 30,507 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Atour Lifestyle were worth $237,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ATAT. JPMorgan Chase & Co. grew its position in shares of Atour Lifestyle by 234.2% in the 4th quarter. JPMorgan Chase & Co. now owns 3,428,240 shares of the company’s stock worth $135,073,000 after buying an additional 2,402,412 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. grew its position in shares of Atour Lifestyle by 986.9% in the 3rd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,290,136 shares of the company’s stock worth $86,086,000 after buying an additional 2,079,436 shares during the last quarter. WFM ASIA BVI Ltd boosted its position in shares of Atour Lifestyle by 184.4% during the fourth quarter. WFM ASIA BVI Ltd now owns 3,155,425 shares of the company’s stock valued at $124,324,000 after purchasing an additional 2,045,832 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd bought a new stake in shares of Atour Lifestyle during the fourth quarter valued at approximately $31,756,000. Finally, Bank of Montreal Can bought a new stake in shares of Atour Lifestyle during the fourth quarter valued at approximately $28,828,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Trading Up 1.4%

Atour Lifestyle stock opened at $33.83 on Friday. The business’s fifty day simple moving average is $36.38 and its two-hundred day simple moving average is $37.88. Atour Lifestyle Holdings Limited Sponsored ADR has a 12 month low of $29.81 and a 12 month high of $43.17. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 0.81 and a beta of 0.62.

Atour Lifestyle (NASDAQ:ATAT) last released its earnings results on Wednesday, May 13th. The company reported $0.48 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $379.74 million. On average, equities research analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 EPS for the current year.

Atour Lifestyle Increases Dividend

The business 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 $0.54 dividend. This represents a yield of 162.0%. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.36. The ex-dividend date of this dividend is Friday, June 5th. Atour Lifestyle’s dividend payout ratio is presently 27.42%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered 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. UBS Group restated a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Morgan Stanley restated an “overweight” rating and set a $45.00 price target on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Finally, Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target 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.