First Beijing Investment Ltd Has $146.29 Million Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

First Beijing Investment Ltd grew its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 175.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,639,562 shares of the company’s stock after buying an additional 3,588,469 shares during the quarter. Atour Lifestyle accounts for approximately 10.7% of First Beijing Investment Ltd’s portfolio, making the stock its 3rd largest holding. First Beijing Investment Ltd owned about 4.10% of Atour Lifestyle worth $146,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. purchased a new position in shares of Atour Lifestyle during the first quarter valued at approximately $35,534,000. M&G Plc purchased a new position in Atour Lifestyle during the 2nd quarter valued at $23,181,000. Prudential PLC bought a new position in Atour Lifestyle in the second quarter worth about $13,161,000. Price T Rowe Associates Inc. MD boosted its position in Atour Lifestyle by 363.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 883,921 shares of the company’s stock valued at $15,859,000 after acquiring an additional 693,322 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Atour Lifestyle by 126.7% in the second quarter. Renaissance Technologies LLC now owns 783,400 shares of the company’s stock worth $14,375,000 after purchasing an additional 437,900 shares during the period. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Trading Down 2.7 %

Atour Lifestyle stock traded down $0.72 during mid-day trading on Wednesday, hitting $25.96. The company had a trading volume of 401,389 shares, compared to its average volume of 915,318. The stock’s 50 day moving average price is $23.76 and its two-hundred day moving average price is $19.89. The company has a market capitalization of $3.57 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 0.63 and a beta of 0.64. Atour Lifestyle Holdings Limited has a 12 month low of $15.06 and a 12 month high of $29.15.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly 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 business had revenue of $247.28 million during the quarter, compared to analysts’ expectations of $244.72 million. Atour Lifestyle had a return on equity of 47.07% and a net margin of 17.16%. Equities research analysts anticipate that Atour Lifestyle Holdings Limited will post 1.22 EPS for the current year.

Atour Lifestyle Announces Dividend

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