FACT Capital LP Sells 106,530 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

FACT Capital LP cut its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 17.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 500,440 shares of the company's stock after selling 106,530 shares during the period. Atour Lifestyle makes up about 5.3% of FACT Capital LP's holdings, making the stock its 8th biggest position. FACT Capital LP owned 0.36% of Atour Lifestyle worth $13,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pictet Asset Management Holding SA bought a new stake in Atour Lifestyle during the 4th quarter valued at approximately $155,000. AdvisorShares Investments LLC bought a new stake in Atour Lifestyle during the 4th quarter valued at approximately $188,000. Cornerstone Investment Partners LLC bought a new stake in Atour Lifestyle during the 4th quarter valued at approximately $213,000. Deutsche Bank AG bought a new stake in Atour Lifestyle during the 4th quarter valued at approximately $235,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Atour Lifestyle during the 4th quarter valued at approximately $394,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ATAT shares. UBS Group set a $37.30 price target on Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th. Bank of America upped their price target on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a report on Friday, March 14th.

Atour Lifestyle Price Performance

Shares of NASDAQ ATAT traded up $0.11 during midday trading on Friday, hitting $28.52. The stock had a trading volume of 1,491,549 shares, compared to its average volume of 1,229,936. The company's 50-day simple moving average is $26.82 and its 200 day simple moving average is $27.11. The firm has a market cap of $3.92 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $33.32.

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