Atour Lifestyle (NASDAQ:ATAT) Reaches New 1-Year High at $20.43

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.43 and last traded at $20.42, with a volume of 442765 shares traded. The stock had previously closed at $20.19.

Atour Lifestyle Stock Performance

The stock has a market capitalization of $2.81 billion, a P/E ratio of 20.81, a P/E/G ratio of 0.49 and a beta of 0.59. The company’s 50-day moving average price is $17.77 and its 200 day moving average price is $18.13.

Atour Lifestyle Announces Dividend

The firm also recently announced 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. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 17th. Atour Lifestyle’s dividend payout ratio is currently 43.30%.

Institutional Trading of Atour Lifestyle

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATAT. Vanguard Group Inc. purchased a new stake in Atour Lifestyle during the 1st quarter valued at approximately $35,534,000. FACT Capital LP boosted its position in shares of Atour Lifestyle by 14.3% during the fourth quarter. FACT Capital LP now owns 509,230 shares of the company’s stock worth $8,840,000 after acquiring an additional 63,903 shares during the last quarter. Aspex Management HK Ltd purchased a new position in Atour Lifestyle during the fourth quarter valued at $61,194,000. Sei Investments Co. increased its holdings in Atour Lifestyle by 112.9% in the 1st quarter. Sei Investments Co. now owns 110,634 shares of the company’s stock valued at $1,985,000 after acquiring an additional 58,667 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in 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 purchasing an additional 693,322 shares in the last quarter. Institutional investors own 17.79% of the company’s stock.

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.