Atour Lifestyle (NASDAQ:ATAT) Trading Up 2.3%

Atour Lifestyle Holdings Limited (NASDAQ:ATATGet Free Report) shot up 2.3% during trading on Tuesday . The stock traded as high as $19.02 and last traded at $19.00. 60,288 shares were traded during trading, a decline of 89% from the average session volume of 544,496 shares. The stock had previously closed at $18.57.

Analysts Set New Price Targets

Separately, Bank of America cut their price target on shares of Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating on the stock in a report on Monday.

Check Out Our Latest Research Report on Atour Lifestyle

Atour Lifestyle Stock Performance

The company’s fifty day moving average is $18.67 and its two-hundred day moving average is $18.26. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 26.24 and a beta of 0.61.

Institutional Investors Weigh In On Atour Lifestyle

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at approximately $260,000. Goldman Sachs Group Inc. lifted its position in shares of Atour Lifestyle by 396.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock valued at $29,702,000 after buying an additional 1,366,236 shares in the last quarter. FIL Ltd lifted its position in shares of Atour Lifestyle by 48.4% during the 4th quarter. FIL Ltd now owns 5,055,843 shares of the company’s stock valued at $87,769,000 after buying an additional 1,649,239 shares in the last quarter. FACT Capital LP lifted its position in shares of Atour Lifestyle by 14.3% during the 4th quarter. FACT Capital LP now owns 509,230 shares of the company’s stock valued at $8,840,000 after buying an additional 63,903 shares in the last quarter. Finally, Sylebra Capital LLC lifted its position in shares of Atour Lifestyle by 28.0% during the 4th quarter. Sylebra Capital LLC now owns 1,499,281 shares of the company’s stock valued at $26,028,000 after buying an additional 328,287 shares in the last quarter. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

(Get Free Report)

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.

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