Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $32.20 and last traded at $32.43, with a volume of 29626 shares changing hands. The stock had previously closed at $30.80.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group began coverage on Atour Lifestyle in a report on Monday, December 9th. They issued a "buy" rating and a $34.40 target price on the stock.
Get Our Latest Stock Report on ATAT
Atour Lifestyle Stock Down 2.1 %
The firm has a 50 day moving average price of $27.55 and a 200 day moving average price of $24.91. The stock has a market cap of $4.30 billion, a P/E ratio of 26.93, a P/E/G ratio of 0.61 and a beta of 0.45.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in ATAT. First Beijing Investment Ltd raised its stake in shares of Atour Lifestyle by 175.0% in the third quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company's stock worth $146,290,000 after buying an additional 3,588,469 shares during the period. M&G PLC raised its stake in Atour Lifestyle by 173.2% during the 3rd quarter. M&G PLC now owns 3,518,106 shares of the company's stock valued at $91,471,000 after purchasing an additional 2,230,247 shares during the period. Los Angeles Capital Management LLC bought a new stake in Atour Lifestyle during the 3rd quarter valued at approximately $666,000. Citigroup Inc. raised its stake 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. Finally, Loomis Sayles & Co. L P bought a new stake in Atour Lifestyle during the 3rd quarter valued at approximately $34,000. Institutional investors own 17.79% of the company's stock.
Atour Lifestyle Company Profile
(
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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.
Further Reading
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