Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 36.6% during the third quarter, Holdings Channel reports. The firm owned 761,645 shares of the company’s stock after selling 440,553 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Atour Lifestyle were worth $19,757,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ATAT. First Beijing Investment Ltd boosted its holdings 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 during the last quarter. M&G PLC lifted its holdings in shares of Atour Lifestyle by 173.2% during the 3rd quarter. M&G PLC now owns 3,518,106 shares of the company’s stock valued at $91,471,000 after acquiring an additional 2,230,247 shares in the last quarter. Vanguard Group Inc. acquired a new position in shares of Atour Lifestyle during the 1st quarter valued at $35,534,000. M&G Plc acquired a new position in shares of Atour Lifestyle during the 2nd quarter valued at $23,181,000. Finally, Prudential PLC acquired a new position in shares of Atour Lifestyle during the 2nd quarter valued at $13,161,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Trading Up 0.9 %

NASDAQ:ATAT opened at $26.79 on Tuesday. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 0.64 and a beta of 0.64. The firm’s fifty day simple moving average is $24.62 and its 200 day simple moving average is $20.20. Atour Lifestyle Holdings Limited has a twelve month low of $15.06 and a twelve month high of $29.15.

Atour Lifestyle (NASDAQ:ATAT) last posted its earnings results on Thursday, August 29th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $247.28 million for the quarter, compared to analyst estimates of $244.72 million. Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. On average, analysts predict that Atour Lifestyle Holdings Limited will post 1.22 earnings per share for the current year.

Atour Lifestyle Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 17th were paid a dividend of $0.40 per share. This represents a yield of 2.1%. The ex-dividend date was Tuesday, September 17th. Atour Lifestyle’s dividend payout ratio (DPR) is 40.78%.

About Atour Lifestyle

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.