Sei Investments Co. Sells 28,542 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Sei Investments Co. decreased its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 25.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,092 shares of the company’s stock after selling 28,542 shares during the quarter. Sei Investments Co. owned 0.06% of Atour Lifestyle worth $1,506,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ATAT. Burgundy Asset Management Ltd. boosted its stake in shares of Atour Lifestyle by 0.5% during the 1st quarter. Burgundy Asset Management Ltd. now owns 433,350 shares of the company’s stock worth $7,774,000 after acquiring an additional 2,245 shares during the last quarter. Sylebra Capital LLC grew its holdings in 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. Quadrature Capital Ltd bought a new position in shares of Atour Lifestyle in the fourth quarter worth about $260,000. SG Americas Securities LLC purchased a new stake in Atour Lifestyle in the 1st quarter worth approximately $275,000. Finally, XTX Topco Ltd bought a new stake in Atour Lifestyle during the 2nd quarter worth approximately $390,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Price Performance

ATAT opened at $27.89 on Friday. The firm has a market cap of $3.84 billion, a P/E ratio of 28.75, a PEG ratio of 0.52 and a beta of 0.63. Atour Lifestyle Holdings Limited has a 1-year low of $15.06 and a 1-year high of $27.99. The company has a 50 day simple moving average of $19.51 and a two-hundred day simple moving average of $18.61.

Atour Lifestyle (NASDAQ:ATAT) last issued 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 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 anticipate that Atour Lifestyle Holdings Limited will post 1.22 earnings per share for the current year.

Atour Lifestyle Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 17th were issued a $0.40 dividend. The ex-dividend date was Tuesday, September 17th. This represents a yield of 2.1%. Atour Lifestyle’s dividend payout ratio is presently 43.30%.

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.