FACT Capital LP Has $13.46 Million Stock Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

FACT Capital LP trimmed its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 17.6% during the fourth quarter, Holdings Channel reports. The fund owned 500,440 shares of the company’s stock after selling 106,530 shares during the quarter. Atour Lifestyle accounts for 5.3% of FACT Capital LP’s holdings, making the stock its 8th largest position. FACT Capital LP’s holdings in Atour Lifestyle were worth $13,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Atour Lifestyle during the 4th quarter worth about $36,489,000. William Blair Investment Management LLC acquired a new position in shares of Atour Lifestyle during the fourth quarter worth approximately $24,433,000. 3G Capital Partners LP lifted its holdings in shares of Atour Lifestyle by 263.6% during the fourth quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company’s stock worth $26,890,000 after buying an additional 725,000 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Atour Lifestyle by 166.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 862,822 shares of the company’s stock worth $23,201,000 after acquiring an additional 538,832 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Atour Lifestyle by 56.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,218,468 shares of the company’s stock worth $32,765,000 after acquiring an additional 441,200 shares during the period. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Stock Performance

Shares of Atour Lifestyle stock opened at $28.41 on Friday. The firm has a market cap of $3.91 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. The firm’s 50-day simple moving average is $26.83 and its 200-day simple moving average is $27.09. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $33.32.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $285.58 million for the quarter, compared to analyst estimates of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. On average, equities analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ATAT has been the subject of a number of research analyst reports. UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the company a “buy” rating in a research report on Thursday, March 6th. Bank of America raised their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the stock a “buy” rating in a research report on Friday, March 14th.

Atour Lifestyle 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.