Millennium Management LLC Sells 177,169 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Millennium Management LLC lowered its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 36.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 303,174 shares of the company’s stock after selling 177,169 shares during the period. Millennium Management LLC owned 0.22% of Atour Lifestyle worth $5,563,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ATAT. Vanguard Group Inc. bought a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $35,534,000. Goldman Sachs Group Inc. raised its holdings in Atour Lifestyle by 396.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock worth $29,702,000 after purchasing an additional 1,366,236 shares in the last quarter. M&G Plc purchased a new position in Atour Lifestyle during the second quarter valued at $23,181,000. Prudential PLC bought a new stake in shares of Atour Lifestyle during the 2nd quarter valued at $13,161,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Atour Lifestyle by 363.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 883,921 shares of the company’s stock worth $15,859,000 after buying an additional 693,322 shares during the period. 17.79% of the stock is owned by hedge funds and other institutional investors.

Atour Lifestyle Price Performance

Shares of NASDAQ ATAT opened at $27.43 on Friday. Atour Lifestyle Holdings Limited has a 1 year low of $15.06 and a 1 year high of $29.15. The firm has a 50-day moving average of $20.68 and a 200 day moving average of $18.92. The stock has a market cap of $3.77 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 0.68 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT) last released 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). Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. The business had revenue of $247.28 million for the quarter, compared to analysts’ expectations of $244.72 million. Research analysts expect that Atour Lifestyle Holdings Limited will post 1.22 earnings per share for the current fiscal year.

Atour Lifestyle Announces Dividend

The business also recently announced an annual dividend, which was paid on Monday, September 30th. Shareholders 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 (DPR) is 43.30%.

About Atour Lifestyle

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.