Atour Lifestyle (NASDAQ:ATAT) Sees Strong Trading Volume

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) saw unusually-high 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.

Wall Street Analysts Forecast Growth

ATAT has been the subject of several research reports. Macquarie initiated coverage on shares of Atour Lifestyle in a research report on Monday. They set an “outperform” rating and a $26.00 price objective for the company. Bank of America lowered their price objective on shares of Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating for the company in a research report on Monday, April 1st.

Atour Lifestyle Stock Performance

The company’s fifty day moving average price is $18.70 and its 200-day moving average price is $18.18. The stock has a market cap of $2.53 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 0.47 and a beta of 0.60.

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

Institutional Investors Weigh In On Atour Lifestyle

Several institutional investors have recently made changes to their positions in ATAT. Aspex Management HK Ltd bought a new stake in Atour Lifestyle during the 4th quarter valued at about $61,194,000. Goldman Sachs Group Inc. lifted its holdings in 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. Sylebra Capital LLC bought a new stake in Atour Lifestyle during the 3rd quarter valued at about $22,073,000. Schroder Investment Management Group lifted its holdings in Atour Lifestyle by 287.8% during the 4th quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock valued at $24,732,000 after buying an additional 1,057,305 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Atour Lifestyle during the 4th quarter valued at about $13,685,000. 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.