Atour Lifestyle (NASDAQ:ATAT) Trading Down 3.9%

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) was down 3.9% during mid-day trading on Monday . The stock traded as low as $17.93 and last traded at $17.94. Approximately 214,053 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 612,334 shares. The stock had previously closed at $18.66.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Macquarie initiated coverage on shares of Atour Lifestyle in a research report on Monday, April 22nd. They set an "outperform" rating and a $26.00 price target on the stock. Bank of America dropped their target price on shares of Atour Lifestyle from $25.00 to $23.70 and set a "buy" rating on the stock in a research report on Monday, April 1st.

Atour Lifestyle Stock Down 3.5 %

The company's 50-day moving average is $18.66 and its two-hundred day moving average is $18.20. The company has a market cap of $2.48 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 0.50 and a beta of 0.61.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its earnings results on Thursday, March 28th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. Atour Lifestyle had a net margin of 15.66% and a return on equity of 42.81%. The firm had revenue of $212.01 million for the quarter, compared to analysts' expectations of $177.28 million. On average, analysts anticipate that Atour Lifestyle Holdings Limited will post 1.04 EPS for the current fiscal year.

Institutional Trading of Atour Lifestyle

A number of large investors have recently bought and sold shares of ATAT. Castleview Partners LLC bought a new position in shares of Atour Lifestyle during the 3rd quarter worth $39,000. Barclays PLC raised its position in shares of Atour Lifestyle by 263.5% in the third quarter. Barclays PLC now owns 30,210 shares of the company's stock worth $569,000 after buying an additional 21,900 shares in the last quarter. UBS Group AG boosted its stake in Atour Lifestyle by 2.2% during the third quarter. UBS Group AG now owns 173,480 shares of the company's stock valued at $3,270,000 after buying an additional 3,660 shares during the period. Burgundy Asset Management Ltd. grew its position in Atour Lifestyle by 22.0% during the third quarter. Burgundy Asset Management Ltd. now owns 376,603 shares of the company's stock worth $7,099,000 after buying an additional 67,855 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Atour Lifestyle during the third quarter worth about $63,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

Atour Lifestyle Company Profile

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.