Trexquant Investment LP Reduces Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Trexquant Investment LP lowered its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 34.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 148,001 shares of the company’s stock after selling 77,175 shares during the period. Trexquant Investment LP owned about 0.11% of Atour Lifestyle worth $3,980,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ATAT. Norges Bank acquired a new stake in Atour Lifestyle in the fourth quarter valued at $36,489,000. William Blair Investment Management LLC bought a new position in shares of Atour Lifestyle during the fourth quarter worth about $24,433,000. FMR LLC grew its stake in Atour Lifestyle by 352.7% in the third quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after purchasing an additional 693,342 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Atour Lifestyle by 1,250.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company’s stock valued at $11,962,000 after buying an additional 411,893 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Atour Lifestyle by 39.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company’s stock worth $38,012,000 after buying an additional 402,974 shares during the last quarter. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group set a $37.30 price target on Atour Lifestyle and gave the company a “buy” rating in a research report on Thursday, March 6th. Bank of America increased their target price on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a “buy” rating in a report on Friday, March 14th. Finally, The Goldman Sachs Group started coverage on shares of Atour Lifestyle in a research report on Monday, December 9th. They set a “buy” rating and a $34.40 price objective for the company.

Atour Lifestyle Stock Performance

Atour Lifestyle stock opened at $26.15 on Friday. The firm has a market capitalization of $3.60 billion, a P/E ratio of 22.54, a P/E/G ratio of 0.59 and a beta of 0.51. The company has a 50-day simple moving average of $29.36 and a 200-day simple moving average of $27.37. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $33.32.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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, sell-side analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 earnings per share 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.