Atour Lifestyle (NASDAQ:ATAT) Shares Down 4.7%

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) dropped 4.7% during trading on Monday . The stock traded as low as $18.07 and last traded at $18.09. Approximately 134,148 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 783,298 shares. The stock had previously closed at $18.98.

Analyst Upgrades and Downgrades

ATAT has been the subject of several research analyst reports. Macquarie started coverage on Atour Lifestyle in a report on Monday, April 22nd. They issued an “outperform” rating and a $26.00 price objective for the company. Bank of America dropped their target price on 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 Trading Down 4.4 %

The stock has a market cap of $2.50 billion, a P/E ratio of 19.13, a P/E/G ratio of 0.48 and a beta of 0.55. The company has a 50-day moving average price of $18.18 and a two-hundred day moving average price of $18.23.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Atour Lifestyle had a return on equity of 50.00% and a net margin of 18.19%. The company had revenue of $203.36 million during the quarter. As a group, equities analysts forecast that Atour Lifestyle Holdings Limited will post 1.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atour Lifestyle

A number of large investors have recently bought and sold shares of ATAT. National Bank of Canada FI purchased a new position in shares of Atour Lifestyle in the fourth quarter valued at approximately $25,000. Burgundy Asset Management Ltd. increased its stake in Atour Lifestyle by 0.5% during the first quarter. Burgundy Asset Management Ltd. now owns 433,350 shares of the company’s stock worth $7,774,000 after acquiring an additional 2,245 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in Atour Lifestyle during the fourth quarter worth $42,000. China Universal Asset Management Co. Ltd. increased its stake in Atour Lifestyle by 9.2% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 29,667 shares of the company’s stock worth $515,000 after acquiring an additional 2,500 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Atour Lifestyle during the first quarter worth $47,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

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.