FACT Capital LP Reduces Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

FACT Capital LP lowered its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 17.6% in 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 quarter. Atour Lifestyle comprises 5.3% of FACT Capital LP's portfolio, making the stock its 8th largest holding. FACT Capital LP owned approximately 0.36% of Atour Lifestyle worth $13,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Atour Lifestyle in the fourth quarter worth $36,489,000. William Blair Investment Management LLC bought a new position in Atour Lifestyle in the fourth quarter worth $24,433,000. 3G Capital Partners LP lifted its position in Atour Lifestyle by 263.6% in the fourth quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company's stock worth $26,890,000 after purchasing an additional 725,000 shares during the period. D. E. Shaw & Co. Inc. lifted its position in 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 purchasing an additional 538,832 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Atour Lifestyle by 56.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,218,468 shares of the company's stock worth $32,765,000 after purchasing an additional 441,200 shares during the period. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Trading Down 1.1%

Shares of NASDAQ:ATAT traded down $0.32 during midday trading on Wednesday, hitting $29.30. The company had a trading volume of 1,003,826 shares, compared to its average volume of 1,228,362. 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 cap of $4.03 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 0.59 and a beta of 0.59. The firm has a fifty day simple moving average of $26.77 and a 200 day simple moving average of $27.15.

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

Wall Street Analysts Forecast Growth

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

About Atour Lifestyle

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.