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

Atour Lifestyle Holdings Limited (NASDAQ:ATAT)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $32.20 and last traded at $32.43, with a volume of 29626 shares traded. The stock had previously closed at $30.80.

Analyst Upgrades and Downgrades

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

Atour Lifestyle Stock Down 0.8 %

The stock has a market cap of $4.39 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 0.61 and a beta of 0.45. The firm has a fifty day moving average of $27.39 and a 200 day moving average of $24.75.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. FMR LLC increased its stake in Atour Lifestyle by 352.7% in the third quarter. FMR LLC now owns 889,942 shares of the company’s stock valued at $23,085,000 after purchasing an additional 693,342 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Atour Lifestyle in the 3rd quarter valued at $1,251,000. XTX Topco Ltd grew its position in shares of Atour Lifestyle by 119.5% in the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Atour Lifestyle in the third quarter valued at $2,741,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Atour Lifestyle by 24.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock valued at $26,215,000 after purchasing an additional 199,330 shares during the last quarter. 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.