Numerai GP LLC Decreases Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Numerai GP LLC trimmed its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 28.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,446 shares of the company's stock after selling 68,018 shares during the period. Atour Lifestyle makes up approximately 1.2% of Numerai GP LLC's holdings, making the stock its 4th biggest holding. Numerai GP LLC owned 0.12% of Atour Lifestyle worth $4,530,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Pictet Asset Management Holding SA acquired a new position in shares of Atour Lifestyle during the 4th quarter worth approximately $155,000. AdvisorShares Investments LLC bought a new position in Atour Lifestyle in the 4th quarter valued at about $188,000. Cornerstone Investment Partners LLC acquired a new stake in Atour Lifestyle during the 4th quarter worth approximately $213,000. Deutsche Bank AG bought a new stake in shares of Atour Lifestyle in the fourth quarter valued at about $235,000. Finally, Lighthouse Investment Partners LLC bought a new stake in Atour Lifestyle in the 4th quarter valued at about $296,000. 17.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on ATAT shares. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the stock a "buy" rating in a report on Thursday, March 6th. Bank of America raised their price target 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 Price Performance

NASDAQ:ATAT traded down $0.20 during mid-day trading on Friday, reaching $29.63. The stock had a trading volume of 1,163,449 shares, compared to its average volume of 1,237,942. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $33.32. The stock has a market capitalization of $4.08 billion, a PE ratio of 25.54, a P/E/G ratio of 0.59 and a beta of 0.59. The stock has a 50-day simple moving average of $26.77 and a two-hundred day simple moving average of $27.19.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. The firm had revenue of $285.58 million for the quarter, compared to the consensus estimate of $275.49 million. Equities analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

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.