Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Sees Significant Drop in Short Interest

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 2,080,000 shares, a decrease of 24.6% from the August 31st total of 2,760,000 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 1,010,000 shares, the short-interest ratio is currently 2.1 days.

Institutional Trading of Atour Lifestyle

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. raised its holdings in shares of Atour Lifestyle by 0.5% in the 1st quarter. Burgundy Asset Management Ltd. now owns 433,350 shares of the company’s stock valued at $7,774,000 after buying an additional 2,245 shares during the period. Capstone Investment Advisors LLC increased its stake in Atour Lifestyle by 33.3% during the fourth quarter. Capstone Investment Advisors LLC now owns 20,000 shares of the company’s stock worth $347,000 after purchasing an additional 5,000 shares during the period. Marshall Wace LLP lifted its position in shares of Atour Lifestyle by 19.6% during the second quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock worth $1,161,000 after purchasing an additional 10,386 shares in the last quarter. Sylebra Capital LLC boosted its stake in shares of Atour Lifestyle by 0.8% in the first quarter. Sylebra Capital LLC now owns 1,511,061 shares of the company’s stock valued at $27,108,000 after purchasing an additional 11,780 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Atour Lifestyle in the fourth quarter valued at approximately $260,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Trading Up 0.2 %

Atour Lifestyle stock traded up $0.04 during mid-day trading on Friday, hitting $25.38. The company’s stock had a trading volume of 2,405,399 shares, compared to its average volume of 875,299. Atour Lifestyle has a 1 year low of $15.06 and a 1 year high of $26.16. The firm has a market capitalization of $3.49 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 0.52 and a beta of 0.59. The stock’s fifty day moving average is $18.50 and its two-hundred day moving average is $18.35.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings data 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 company had revenue of $247.28 million during the quarter, compared to analysts’ expectations of $244.72 million. Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. On average, equities analysts expect that Atour Lifestyle will post 1.22 EPS for the current fiscal year.

Atour Lifestyle Announces Dividend

The business also recently disclosed an annual 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 payout ratio is currently 43.30%.

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.