Atour Lifestyle (NASDAQ:ATAT) Sets New 1-Year High – Still a Buy?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT)’s stock price reached a new 52-week high on Monday . The stock traded as high as $29.52 and last traded at $28.72, with a volume of 966232 shares trading hands. The stock had previously closed at $26.49.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group started coverage on Atour Lifestyle in a research report on Monday. They issued a “buy” rating and a $34.40 price objective for the company.

Atour Lifestyle Stock Down 7.2 %

The business’s 50-day simple moving average is $26.63 and its two-hundred day simple moving average is $21.36. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 0.62 and a beta of 0.52.

Institutional Trading of Atour Lifestyle

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Atour Lifestyle by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock valued at $1,794,000 after buying an additional 863 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Atour Lifestyle in the third quarter valued at $143,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Atour Lifestyle during the third quarter worth about $430,000. XTX Topco Ltd increased its holdings in Atour Lifestyle by 119.5% in the third quarter. XTX Topco Ltd now owns 46,638 shares of the company’s stock valued at $1,210,000 after buying an additional 25,390 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Atour Lifestyle in the 3rd quarter valued at $1,251,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.