The Goldman Sachs Group assumed coverage on shares of Atour Lifestyle (NASDAQ:ATAT - Free Report) in a report issued on Monday, MarketBeat reports. The brokerage issued a buy rating and a $34.40 target price on the stock.
Atour Lifestyle Price Performance
NASDAQ:ATAT traded up $2.96 during mid-day trading on Monday, reaching $29.45. The stock had a trading volume of 3,825,916 shares, compared to its average volume of 974,723. The stock's 50 day simple moving average is $26.53 and its two-hundred day simple moving average is $21.21. Atour Lifestyle has a 1-year low of $15.22 and a 1-year high of $29.90. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 0.62 and a beta of 0.52.
Institutional Trading of Atour Lifestyle
Institutional investors and hedge funds have recently modified their holdings of the business. Loomis Sayles & Co. L P bought a new position in Atour Lifestyle in the third quarter worth about $34,000. Public Employees Retirement System of Ohio bought a new stake in shares of Atour Lifestyle in the 3rd quarter worth approximately $143,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Atour Lifestyle during the third quarter valued at $430,000. XTX Topco Ltd bought a new position in shares of Atour Lifestyle during the second quarter worth about $390,000. Finally, Walleye Capital LLC acquired a new stake in shares of Atour Lifestyle in the 3rd quarter worth about $649,000. 17.79% of the stock is owned by institutional investors and hedge funds.
About Atour Lifestyle
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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.
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