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

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

Several other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Atour Lifestyle by 1.3% during the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock worth $1,794,000 after acquiring an additional 863 shares during the period. Loomis Sayles & Co. L P bought a new position in Atour Lifestyle during the 3rd quarter worth about $34,000. Lester Murray Antman dba SimplyRich increased its holdings in Atour Lifestyle by 11.9% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company’s stock worth $626,000 after purchasing an additional 2,469 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Atour Lifestyle in the 3rd quarter valued at about $143,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Atour Lifestyle in the fourth quarter valued at about $213,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Atour Lifestyle Price Performance

Shares of NASDAQ ATAT opened at $30.30 on Thursday. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $33.32. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 0.59 and a beta of 0.36. The business has a 50-day moving average of $28.14 and a 200-day moving average of $26.13.

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.