Burgundy Asset Management Ltd. Increases Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Burgundy Asset Management Ltd. boosted its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 41.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 613,718 shares of the company’s stock after buying an additional 180,368 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 0.45% of Atour Lifestyle worth $11,262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in Atour Lifestyle in the fourth quarter valued at about $260,000. SG Americas Securities LLC acquired a new position in Atour Lifestyle in the first quarter valued at approximately $275,000. Capstone Investment Advisors LLC boosted its stake in Atour Lifestyle by 33.3% in the fourth quarter. Capstone Investment Advisors LLC now owns 20,000 shares of the company’s stock valued at $347,000 after acquiring an additional 5,000 shares during the period. XTX Topco Ltd acquired a new position in Atour Lifestyle in the second quarter valued at approximately $390,000. Finally, Van Berkom & Associates Inc. acquired a new position in Atour Lifestyle in the second quarter valued at approximately $492,000. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Stock Down 0.2 %

Shares of ATAT stock opened at $20.35 on Thursday. The business has a 50 day moving average of $17.81 and a two-hundred day moving average of $18.13. Atour Lifestyle Holdings Limited has a 52 week low of $15.06 and a 52 week high of $20.47. The company has a market cap of $2.80 billion, a P/E ratio of 20.98, a PEG ratio of 0.49 and a beta of 0.59.

Atour Lifestyle Announces Dividend

The business also recently announced an annual dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a yield of 2.1%. Atour Lifestyle’s payout ratio is currently 43.30%.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.