Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $30.91, but opened at $29.59. Atour Lifestyle shares last traded at $30.42, with a volume of 104,528 shares.
Wall Street Analyst Weigh In
Several brokerages have commented on ATAT. The Goldman Sachs Group assumed coverage on shares of Atour Lifestyle in a report on Monday, December 9th. They issued a "buy" rating and a $34.40 target price for the company. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, Bank of America upped their price target on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research report on Friday, March 14th.
Get Our Latest Analysis on Atour Lifestyle
Atour Lifestyle Trading Up 0.9 %
The business's 50-day simple moving average is $28.81 and its 200-day simple moving average is $26.80. The company has a market cap of $4.20 billion, a PE ratio of 26.32, a P/E/G ratio of 0.59 and a beta of 0.37.
Institutional Trading of Atour Lifestyle
A number of institutional investors have recently bought and sold shares of ATAT. Norges Bank purchased a new stake in shares of Atour Lifestyle during the 4th quarter worth about $36,489,000. OLP CAPITAL MANAGEMENT Ltd raised its position in Atour Lifestyle by 17.1% during the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock valued at $193,672,000 after acquiring an additional 1,052,822 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Atour Lifestyle in the fourth quarter valued at approximately $24,433,000. 3G Capital Partners LP lifted its stake in Atour Lifestyle by 263.6% in the fourth quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company's stock valued at $26,890,000 after acquiring an additional 725,000 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Atour Lifestyle by 174.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company's stock worth $28,965,000 after acquiring an additional 709,700 shares in the last quarter. Institutional investors and hedge funds own 17.79% of the company's stock.
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.
Further Reading
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