Atour Lifestyle (NASDAQ:ATAT) Stock Price Up 3.3% – Still a Buy?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT)’s stock price traded up 3.3% during trading on Tuesday . The stock traded as high as $28.00 and last traded at $27.86. 350,003 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 985,636 shares. The stock had previously closed at $26.97.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on shares of Atour Lifestyle in a research report on Monday, December 9th. They set a “buy” rating and a $34.40 price target on the stock.

Atour Lifestyle Trading Up 5.2 %

The company has a market cap of $3.90 billion, a P/E ratio of 23.25, a PEG ratio of 0.65 and a beta of 0.52. The stock’s 50 day moving average is $26.59 and its 200-day moving average is $21.63.

Institutional Investors Weigh In On Atour Lifestyle

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jupiter Asset Management Ltd. purchased a new stake in Atour Lifestyle during the second quarter valued at approximately $4,406,000. FMR LLC increased its stake in shares of Atour Lifestyle by 352.7% in the 3rd quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after purchasing an additional 693,342 shares in the last quarter. XTX Topco Ltd raised its holdings in Atour Lifestyle by 119.5% in the 3rd quarter. XTX Topco Ltd now owns 46,638 shares of the company’s stock worth $1,210,000 after purchasing an additional 25,390 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Atour Lifestyle during the 3rd quarter valued at about $856,000. Finally, Burgundy Asset Management Ltd. raised its stake in Atour Lifestyle by 41.6% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 613,718 shares of the company’s stock worth $11,262,000 after acquiring an additional 180,368 shares during the period. Hedge funds and other institutional investors own 17.79% of the company’s stock.

About Atour Lifestyle

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.