Fore Capital LLC Invests $538,000 in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Fore Capital LLC purchased a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,000 shares of the company’s stock, valued at approximately $538,000.

Other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in shares of Atour Lifestyle during the third quarter valued at $666,000. Citigroup Inc. lifted its position in Atour Lifestyle by 28.9% during the 3rd quarter. Citigroup Inc. now owns 171,908 shares of the company’s stock valued at $4,459,000 after purchasing an additional 38,524 shares during the period. Loomis Sayles & Co. L P bought a new position in shares of Atour Lifestyle in the 3rd quarter valued at about $34,000. The Manufacturers Life Insurance Company boosted its stake in shares of Atour Lifestyle by 49.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 62,702 shares of the company’s stock valued at $1,626,000 after purchasing an additional 20,869 shares during the last quarter. Finally, FMR LLC grew its position in shares of Atour Lifestyle by 352.7% during the 3rd quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after buying an additional 693,342 shares during the period. Institutional investors own 17.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ATAT. UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the company a “buy” rating in a report on Thursday, March 6th. The Goldman Sachs Group started coverage on Atour Lifestyle in a research note on Monday, December 9th. They issued a “buy” rating and a $34.40 price target on the stock.

Atour Lifestyle Price Performance

Shares of NASDAQ:ATAT opened at $30.30 on Thursday. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 0.59 and a beta of 0.36. The firm’s 50 day simple moving average is $28.14 and its 200 day simple moving average is $26.13. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $33.32.

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.