Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) saw an uptick in trading volume on Tuesday . 768,324 shares were traded during mid-day trading, a decline of 22% from the previous session's volume of 989,646 shares.The stock last traded at $29.39 and had previously closed at $28.09.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group initiated coverage on Atour Lifestyle in a report on Monday, December 9th. They set a "buy" rating and a $34.40 price target on the stock.
Check Out Our Latest Analysis on Atour Lifestyle
Atour Lifestyle Stock Performance
The company's 50 day simple moving average is $26.58 and its 200 day simple moving average is $21.98. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.65 and a beta of 0.52.
Institutional Investors Weigh In On Atour Lifestyle
A number of institutional investors have recently added to or reduced their stakes in ATAT. Loomis Sayles & Co. L P bought a new stake in Atour Lifestyle during the third quarter worth approximately $34,000. Public Employees Retirement System of Ohio bought a new stake in shares of Atour Lifestyle during the 3rd quarter worth $143,000. XTX Topco Ltd acquired a new position in shares of Atour Lifestyle in the 2nd quarter worth $390,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Atour Lifestyle during the third quarter worth $430,000. Finally, Van Berkom & Associates Inc. purchased a new stake in shares of Atour Lifestyle during the second quarter valued at $492,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.
About Atour Lifestyle
(
Get Free Report)
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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