Ghisallo Capital Management LLC increased its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT – Free Report) by 366.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 466,500 shares of the company’s stock after buying an additional 366,500 shares during the quarter. Ghisallo Capital Management LLC’s holdings in Atour Lifestyle were worth $8,560,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Atour Lifestyle during the 4th quarter valued at approximately $13,020,000. Burgundy Asset Management Ltd. boosted its position in shares of Atour Lifestyle by 14.5% during the fourth quarter. Burgundy Asset Management Ltd. now owns 431,105 shares of the company’s stock worth $7,484,000 after acquiring an additional 54,502 shares during the last quarter. Aspex Management HK Ltd purchased a new position in Atour Lifestyle during the fourth quarter valued at $61,194,000. Schroder Investment Management Group increased its holdings in Atour Lifestyle by 287.8% in the 4th quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock valued at $24,732,000 after acquiring an additional 1,057,305 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Atour Lifestyle in the 4th quarter worth $11,312,000. Institutional investors own 17.79% of the company’s stock.
Atour Lifestyle Trading Up 0.4 %
Shares of ATAT stock opened at $26.04 on Wednesday. The stock’s 50-day moving average price is $18.85 and its 200-day moving average price is $18.43. Atour Lifestyle Holdings Limited has a 12-month low of $15.06 and a 12-month high of $26.90. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 0.52 and a beta of 0.59.
Atour Lifestyle Announces Dividend
The business also recently disclosed an annual dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a yield of 2.1%. Atour Lifestyle’s dividend payout ratio (DPR) is presently 43.30%.
Atour Lifestyle 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.
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