Atour Lifestyle (NASDAQ:ATAT) Shares Gap Down – What’s Next?

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) gapped down prior to trading on Thursday . The stock had previously closed at $30.91, but opened at $29.59. Atour Lifestyle shares last traded at $30.42, with a volume of 104,528 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on ATAT. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the stock a “buy” rating in a research note on Thursday, March 6th. The Goldman Sachs Group assumed coverage on shares of Atour Lifestyle in a research report on Monday, December 9th. They set a “buy” rating and a $34.40 target price on the stock. Finally, Bank of America boosted their price target on Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a report on Friday, March 14th.

Atour Lifestyle Trading Down 1.7 %

The stock’s 50 day moving average price is $28.62 and its 200 day moving average price is $26.59. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 0.59 and a beta of 0.37.

Hedge Funds Weigh In On Atour Lifestyle

A number of large investors have recently bought and sold shares of ATAT. Mackenzie Financial Corp purchased a new stake in shares of Atour Lifestyle during the 4th quarter valued at $5,666,000. Public Employees Retirement System of Ohio grew its position in Atour Lifestyle by 793.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 49,134 shares of the company’s stock valued at $1,321,000 after acquiring an additional 43,634 shares during the period. Sylebra Capital LLC increased its stake in Atour Lifestyle by 12.0% during the fourth quarter. Sylebra Capital LLC now owns 1,245,593 shares of the company’s stock worth $33,494,000 after acquiring an additional 133,869 shares during the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Atour Lifestyle by 120.2% in the 4th quarter. Voloridge Investment Management LLC now owns 1,028,543 shares of the company’s stock worth $27,658,000 after purchasing an additional 561,365 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of Atour Lifestyle in the 4th quarter worth about $4,336,000. 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.