Atour Lifestyle (NASDAQ:ATAT) Stock Price Down 4.7% - What's Next?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) shares fell 4.7% during trading on Wednesday . The stock traded as low as $26.28 and last traded at $26.31. 363,697 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 742,156 shares. The stock had previously closed at $27.60.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group initiated coverage on Atour Lifestyle in a research report on Monday, December 9th. They issued a "buy" rating and a $34.40 price objective for the company.

Atour Lifestyle Price Performance

The business's 50-day simple moving average is $26.74 and its 200-day simple moving average is $23.83. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 0.52 and a beta of 0.45.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ATAT. Loomis Sayles & Co. L P purchased a new position in shares of Atour Lifestyle during the third quarter valued at approximately $34,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Atour Lifestyle in the third quarter valued at $143,000. Y Intercept Hong Kong Ltd acquired a new position in Atour Lifestyle in the third quarter valued at $430,000. Nkcfo LLC acquired a new stake in Atour Lifestyle in the 4th quarter worth about $538,000. Finally, Lester Murray Antman dba SimplyRich boosted its stake in Atour Lifestyle by 11.9% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock worth $626,000 after buying an additional 2,469 shares during the last quarter. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Company Profile

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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