Atour Lifestyle (NASDAQ:ATAT) Sees Large Volume Increase

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) shares saw an uptick in trading volume on Thursday . 534,244 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 796,373 shares.The stock last traded at $19.43 and had previously closed at $19.04.

Atour Lifestyle Trading Up 0.5 %

The stock has a market cap of $2.68 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 0.52 and a beta of 0.59. The business’s fifty day simple moving average is $17.65 and its 200 day simple moving average is $18.12.

Atour Lifestyle Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, September 30th. Stockholders 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 41.24%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ATAT. National Bank of Canada FI acquired a new position in shares of Atour Lifestyle in the 4th quarter valued at $25,000. New York State Common Retirement Fund bought a new stake in Atour Lifestyle in the fourth quarter valued at about $42,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Atour Lifestyle in the first quarter valued at about $47,000. Quadrature Capital Ltd bought a new position in Atour Lifestyle during the fourth quarter worth about $260,000. Finally, SG Americas Securities LLC acquired a new position in shares of Atour Lifestyle during the 1st quarter worth about $275,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Company Profile

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.