Atour Lifestyle (NASDAQ:ATAT) Sees Unusually-High Trading Volume Following Dividend Announcement

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) shares saw unusually-high trading volume on Friday following a dividend announcement from the company. Approximately 295,935 shares changed hands during trading, a decline of 62% from the previous session’s volume of 781,380 shares.The stock last traded at $18.79 and had previously closed at $18.72.

The newly announced dividend which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be given 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 13.40%.

Atour Lifestyle Stock Up 1.6 %

The company has a market capitalization of $2.62 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 0.40 and a beta of 0.56. The company has a 50-day moving average of $17.55 and a two-hundred day moving average of $18.11.

Institutional Investors Weigh In On Atour Lifestyle

Hedge funds have recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in shares of Atour Lifestyle during the fourth quarter valued at approximately $25,000. New York State Common Retirement Fund bought a new stake in Atour Lifestyle in the fourth quarter worth $42,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Atour Lifestyle in the first quarter worth $47,000. Quadrature Capital Ltd bought a new stake in Atour Lifestyle in the fourth quarter worth $260,000. Finally, SG Americas Securities LLC bought a new stake in Atour Lifestyle in the first quarter worth $275,000. 17.79% of the stock is currently owned by institutional investors.

About Atour Lifestyle

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.