Renaissance International Small Cap Strategy Added Atour Lifestyle Holdings Limited (ATAT) to its Portfolio in Q4

2 weeks ago 4

Soumya Eswaran

Thu, Apr 3, 2025, 6:48 AM 2 min read

Renaissance Investment Management, an concern absorption company, released its Q4 2024 “International Small Cap Strategy” capitalist letter. A transcript of the missive tin beryllium downloaded here. In 2024, planetary equities experienced a 2nd consecutive twelvemonth of maturation but underperformed their U.S. counterparts owed to anemic economical growth, governmental turmoil, tariff threats, and a beardown U.S. dollar. The portfolio generated antagonistic returns successful the 4th fourth but outperformed the benchmark. For much accusation connected the fund’s champion picks successful 2024, delight cheque its apical 5 holdings.

In its 4th fourth 2024 capitalist letter, Renaissance International Small Cap Strategy emphasized stocks specified arsenic Atour Lifestyle Holdings Limited (NASDAQ:ATAT). Atour Lifestyle Holdings Limited (NASDAQ:ATAT) develops manner brands that offers edifice absorption services and sells edifice supplies and different products. The one-month instrumentality Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was -3.86%, and its shares gained 61.50% of their worth implicit the past 52 weeks. On April 2, 2025, Atour Lifestyle Holdings Limited (NASDAQ:ATAT) banal closed astatine $29.41 per stock with a marketplace capitalization of $4.047 billion.

Renaissance International Small Cap Strategy stated the pursuing regarding Atour Lifestyle Holdings Limited (NASDAQ:ATAT) successful its Q4 2024 capitalist letter:

"During the quarter, we purchased Atour Lifestyle Holdings Limited (NASDAQ:ATAT) (China), an relation of mid to upper-mid standard edifice brands successful China. Atour should spot continued market-share gains arsenic request successful China shifts toward midscale hotels and distant from system hotels, which inactive relationship for implicit 80% of hotels successful China. The institution besides continues to spot beardown request from its franchisees, which should assistance enactment the company’s assertive people for edifice openings implicit the adjacent 5 years."

Is Atour Lifestyle Holdings Ltd. (ATAT) the Best Young Stock To Buy and Hold For 10 Years?

A nonrecreational edifice unit subordinate attending to a charmingly decorated suite.

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge money portfolios held Atour Lifestyle Holdings Limited (NASDAQ:ATAT) astatine the extremity of the 4th fourth which was 15 successful the erstwhile quarter. While we admit the imaginable of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.