Los Angeles Capital Management LLC Invests $666,000 in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Los Angeles Capital Management LLC bought a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,674 shares of the company’s stock, valued at approximately $666,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Atour Lifestyle in the 1st quarter valued at $275,000. Sei Investments Co. increased its holdings in Atour Lifestyle by 112.9% during the first quarter. Sei Investments Co. now owns 110,634 shares of the company’s stock worth $1,985,000 after buying an additional 58,667 shares during the last quarter. Vanguard Group Inc. purchased a new stake in Atour Lifestyle during the first quarter worth about $35,534,000. Burgundy Asset Management Ltd. boosted its stake in Atour Lifestyle by 0.5% in the first 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 during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Atour Lifestyle during the 1st quarter valued at approximately $7,300,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

Atour Lifestyle Stock Down 0.4 %

Shares of ATAT stock opened at $26.00 on Friday. Atour Lifestyle Holdings Limited has a 12-month low of $15.06 and a 12-month high of $29.15. The company has a 50 day moving average of $25.20 and a 200-day moving average of $20.41. The firm has a market cap of $3.58 billion, a P/E ratio of 25.24, a PEG ratio of 0.64 and a beta of 0.64.

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 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 net margin of 17.16% and a return on equity of 47.07%. As a group, equities analysts expect that Atour Lifestyle Holdings Limited will post 1.22 EPS 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 paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a dividend yield of 2.1%. Atour Lifestyle’s 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.