Hsbc Holdings PLC Invests $2.09 Million in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Hsbc Holdings PLC bought a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 113,859 shares of the company’s stock, valued at approximately $2,092,000.

Other hedge funds have also recently made changes to their positions in the company. Aspex Management HK Ltd bought a new stake in Atour Lifestyle during the 4th quarter valued at about $61,194,000. Vanguard Group Inc. bought a new stake in shares of Atour Lifestyle during the first quarter valued at approximately $35,534,000. Goldman Sachs Group Inc. raised its stake in shares of Atour Lifestyle by 396.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock valued at $29,702,000 after acquiring an additional 1,366,236 shares in the last quarter. Sylebra Capital LLC boosted its holdings in shares of Atour Lifestyle by 0.8% in 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. Finally, Schroder Investment Management Group grew its stake in Atour Lifestyle by 287.8% in the fourth quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock worth $24,732,000 after purchasing an additional 1,057,305 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Stock Up 12.4 %

Shares of NASDAQ ATAT opened at $25.34 on Friday. Atour Lifestyle Holdings Limited has a twelve month low of $15.06 and a twelve month high of $26.16. The firm has a market cap of $3.49 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 0.52 and a beta of 0.59. The business has a fifty day simple moving average of $18.34 and a two-hundred day simple moving average of $18.31.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data 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). Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. The firm had revenue of $247.28 million during the quarter, compared to the consensus estimate of $244.72 million. On average, research analysts expect that Atour Lifestyle Holdings Limited will post 1.22 earnings per share for the current year.

Atour Lifestyle Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, September 17th. This represents a dividend yield of 2.1%. Atour Lifestyle’s dividend payout ratio is presently 43.30%.

Atour Lifestyle Profile

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.