Los Angeles Capital Management LLC Buys New Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Los Angeles Capital Management LLC bought a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,674 shares of the company’s stock, valued at approximately $666,000.

Several other institutional investors have also recently added to or reduced their stakes in ATAT. Burgundy Asset Management Ltd. increased its stake in shares of Atour Lifestyle by 0.5% in the 1st quarter. Burgundy Asset Management Ltd. now owns 433,350 shares of the company’s stock valued at $7,774,000 after acquiring an additional 2,245 shares in the last quarter. Marshall Wace LLP increased its stake in Atour Lifestyle by 19.6% in the second quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock valued at $1,161,000 after purchasing an additional 10,386 shares in the last quarter. Sylebra Capital LLC raised its holdings in shares of Atour Lifestyle by 0.8% during the first quarter. Sylebra Capital LLC now owns 1,511,061 shares of the company’s stock valued at $27,108,000 after purchasing an additional 11,780 shares during the period. SG Americas Securities LLC bought a new position in shares of Atour Lifestyle during the 1st quarter worth about $275,000. Finally, XTX Topco Ltd acquired a new stake in shares of Atour Lifestyle in the 2nd quarter valued at about $390,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Stock Performance

ATAT stock opened at $26.00 on Friday. The stock’s 50 day simple moving average is $25.20 and its 200 day simple moving average is $20.41. The company has a market cap of $3.58 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 0.64 and a beta of 0.64. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.06 and a fifty-two week high of $29.15.

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

Atour Lifestyle Announces Dividend

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