Atour Lifestyle (NASDAQ:ATAT) Sees Strong Trading Volume

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) shares saw unusually-strong trading volume on Thursday . Approximately 1,507,705 shares changed hands during trading, an increase of 150% from the previous session’s volume of 603,189 shares.The stock last traded at $18.49 and had previously closed at $18.43.

Analysts Set New Price Targets

A number of research analysts have issued reports on ATAT shares. Bank of America cut 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. Macquarie started coverage on shares of Atour Lifestyle in a research report on Monday, April 22nd. They set an “outperform” rating and a $26.00 target price on the stock.

Atour Lifestyle Stock Performance

The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 0.49 and a beta of 0.60. The business’s 50-day moving average is $18.69 and its two-hundred day moving average is $18.19.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly 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. The business had revenue of $212.01 million for the quarter, compared to the consensus estimate of $177.28 million. Atour Lifestyle had a net margin of 15.66% and a return on equity of 42.81%. Analysts forecast that Atour Lifestyle Holdings Limited will post 1.04 EPS for the current year.

Institutional Trading of Atour Lifestyle

A number of hedge funds have recently modified their holdings of the company. National Bank of Canada FI bought a new stake in Atour Lifestyle during the 4th quarter worth approximately $25,000. Castleview Partners LLC bought a new stake in Atour Lifestyle during the 3rd quarter worth approximately $39,000. New York State Common Retirement Fund bought a new stake in Atour Lifestyle during the 4th quarter worth approximately $42,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Atour Lifestyle during the 1st quarter worth approximately $47,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Atour Lifestyle during the 3rd quarter worth approximately $63,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

About Atour Lifestyle

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.