Atour Lifestyle Holdings Limited (NASDAQ:ATAT) is FACT Capital LP's 7th Largest Position

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 the company in its most recent Form 13F filing with the SEC. The firm owned 500,440 shares of the company's stock after selling 106,530 shares during the quarter. Atour Lifestyle makes up approximately 5.9% of FACT Capital LP's holdings, making the stock its 7th biggest holding. FACT Capital LP owned about 0.36% of Atour Lifestyle worth $13,457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Voloridge Investment Management LLC increased its position in Atour Lifestyle by 120.2% during the 4th quarter. Voloridge Investment Management LLC now owns 1,028,543 shares of the company's stock valued at $27,658,000 after purchasing an additional 561,365 shares during the period. Woodline Partners LP bought a new position in shares of Atour Lifestyle during the fourth quarter valued at approximately $4,336,000. Squarepoint Ops LLC purchased a new position in Atour Lifestyle during the fourth quarter valued at approximately $683,000. Twinbeech Capital LP bought a new position in Atour Lifestyle in the fourth quarter worth approximately $527,000. Finally, Think Investments LP purchased a new stake in Atour Lifestyle during the fourth quarter worth $5,136,000. Institutional investors own 17.79% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATAT. Bank of America lifted 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. Citigroup reiterated a "buy" rating and issued a $38.00 target price (up previously from $36.50) on shares of Atour Lifestyle in a research note on Friday. 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. Finally, Wall Street Zen upgraded shares of Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a report on Thursday. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Atour Lifestyle currently has an average rating of "Buy" and a consensus target price of $36.63.

Atour Lifestyle Price Performance

Atour Lifestyle stock traded down $0.39 during midday trading on Monday, reaching $32.47. The company's stock had a trading volume of 1,572,285 shares, compared to its average volume of 1,260,804. The stock has a market capitalization of $4.49 billion, a P/E ratio of 27.99, a PEG ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $34.23. The stock's 50-day simple moving average is $26.83 and its 200-day simple moving average is $27.39.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $285.58 million during the quarter, compared to analysts' expectations of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. As a group, equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Monday, June 2nd. This is an increase from Atour Lifestyle's previous annual dividend of $0.40. This represents a yield of 1.3%. Atour Lifestyle's payout ratio is currently 33.33%.

Atour Lifestyle declared that its board has authorized a share buyback plan on Thursday, May 22nd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

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.