Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Short Interest Update

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totalling 2,080,000 shares, a drop of 24.6% from the August 31st total of 2,760,000 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On Atour Lifestyle

Several hedge funds have recently made changes to their positions in ATAT. Ghisallo Capital Management LLC boosted its position in shares of Atour Lifestyle by 366.5% in the 2nd quarter. Ghisallo Capital Management LLC now owns 466,500 shares of the company’s stock valued at $8,560,000 after purchasing an additional 366,500 shares during the period. Marshall Wace LLP boosted its holdings in shares of Atour Lifestyle by 19.6% in the second quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock valued at $1,161,000 after acquiring an additional 10,386 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Atour Lifestyle by 134.8% during the second quarter. Canada Pension Plan Investment Board now owns 267,510 shares of the company’s stock worth $4,909,000 after acquiring an additional 153,600 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Atour Lifestyle by 41.6% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 613,718 shares of the company’s stock valued at $11,262,000 after acquiring an additional 180,368 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Atour Lifestyle in the 2nd quarter valued at $390,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Up 0.2 %

Atour Lifestyle stock traded up $0.04 during trading on Friday, reaching $25.38. The stock had a trading volume of 2,405,399 shares, compared to its average volume of 875,299. Atour Lifestyle has a 52-week low of $15.06 and a 52-week high of $26.16. The business has a 50 day moving average price of $18.50 and a 200 day moving average price of $18.35. The stock has a market cap of $3.49 billion, a PE ratio of 26.16, a P/E/G ratio of 0.52 and a beta of 0.59.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results on Thursday, August 29th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Atour Lifestyle had a return on equity of 47.07% and a net margin of 17.16%. The firm had revenue of $247.28 million for the quarter, compared to analyst estimates of $244.72 million. On average, equities analysts predict that Atour Lifestyle will post 1.22 EPS for the current fiscal year.

Atour Lifestyle Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be given a $0.40 dividend. The ex-dividend date is Tuesday, September 17th. This represents a yield of 2.1%. Atour Lifestyle’s dividend payout ratio (DPR) is presently 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.