Renaissance Technologies LLC Increases Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Renaissance Technologies LLC grew its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 56.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,218,468 shares of the company's stock after acquiring an additional 441,200 shares during the quarter. Renaissance Technologies LLC owned about 0.89% of Atour Lifestyle worth $32,765,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc lifted its holdings in shares of Atour Lifestyle by 5,563.8% during the fourth quarter. Legal & General Group Plc now owns 72,100 shares of the company's stock worth $1,939,000 after purchasing an additional 70,827 shares during the period. Invesco Ltd. boosted its position in Atour Lifestyle by 5.4% during the fourth quarter. Invesco Ltd. now owns 67,117 shares of the company's stock worth $1,805,000 after acquiring an additional 3,437 shares during the last quarter. Polymer Capital Management HK LTD acquired a new position in Atour Lifestyle in the fourth quarter valued at $2,399,000. Russell Investments Group Ltd. boosted its stake in Atour Lifestyle by 20.1% in the 4th quarter. Russell Investments Group Ltd. now owns 197,350 shares of the company's stock worth $5,299,000 after buying an additional 33,006 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Atour Lifestyle during the 4th quarter valued at about $1,406,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

Atour Lifestyle Stock Performance

Shares of NASDAQ:ATAT traded down $0.11 during midday trading on Thursday, hitting $23.82. 1,541,844 shares of the company's stock traded hands, compared to its average volume of 1,294,766. The firm's fifty day moving average price is $28.63 and its two-hundred day moving average price is $27.38. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $33.31. The company has a market cap of $3.28 billion, a PE ratio of 20.53, a P/E/G ratio of 0.59 and a beta of 0.51.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its earnings results 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. The business had revenue of $285.58 million during 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%. As a group, equities research analysts anticipate that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

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.