Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Sees Large Increase in Short Interest

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,190,000 shares, an increase of 53.4% from the September 15th total of 2,080,000 shares. Approximately 3.0% of the company’s shares are sold short. Based on an average trading volume of 1,230,000 shares, the short-interest ratio is presently 2.6 days.

Hedge Funds Weigh In On Atour Lifestyle

Large investors have recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in Atour Lifestyle during the first quarter worth $35,534,000. Goldman Sachs Group Inc. increased its holdings in Atour Lifestyle by 396.3% during the 4th 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. Sylebra Capital LLC lifted its holdings 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 in the last quarter. M&G Plc purchased a new position in shares of Atour Lifestyle during the second quarter valued at approximately $23,181,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Atour Lifestyle by 363.8% during the first 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 in the last quarter. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Stock Performance

Shares of NASDAQ:ATAT traded down $0.40 during midday trading on Friday, reaching $27.43. The company’s stock had a trading volume of 854,569 shares, compared to its average volume of 919,566. Atour Lifestyle has a fifty-two week low of $15.06 and a fifty-two week high of $29.15. The firm has a 50 day moving average price of $20.68 and a two-hundred day moving average price of $18.92. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 0.68 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The business had revenue of $247.28 million for the quarter, compared to the consensus estimate of $244.72 million. Atour Lifestyle had a return on equity of 47.07% and a net margin of 17.16%. As a group, research analysts anticipate that Atour Lifestyle will post 1.22 earnings per share for the current year.

Atour Lifestyle Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a dividend yield of 2.1%. Atour Lifestyle’s dividend payout ratio is 43.30%.

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.