Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Sees Significant Decline in Short Interest

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,670,000 shares, a decline of 8.6% from the October 15th total of 2,920,000 shares. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.5% of the company’s stock are sold short.

Institutional Investors Weigh In On Atour Lifestyle

A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Atour Lifestyle by 1.3% during the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock valued at $1,794,000 after acquiring an additional 863 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Atour Lifestyle during the 3rd quarter valued at about $143,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Atour Lifestyle in the 3rd quarter worth approximately $430,000. XTX Topco Ltd lifted its stake in Atour Lifestyle by 119.5% during the third quarter. XTX Topco Ltd now owns 46,638 shares of the company’s stock valued at $1,210,000 after purchasing an additional 25,390 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in Atour Lifestyle in the third quarter worth approximately $1,251,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Trading Down 0.4 %

ATAT stock opened at $26.00 on Friday. Atour Lifestyle has a twelve month low of $15.06 and a twelve month high of $29.15. The company has a market capitalization of $3.58 billion, a P/E ratio of 25.24, a PEG ratio of 0.64 and a beta of 0.64. The firm has a 50 day simple moving average of $25.20 and a 200-day simple moving average of $20.41.

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

Atour Lifestyle Announces Dividend

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

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.