Atour Lifestyle (NASDAQ:ATAT) Sees Large Volume Increase – Here’s What Happened

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) saw unusually-high trading volume on Tuesday . Approximately 768,324 shares changed hands during trading, a decline of 22% from the previous session’s volume of 989,646 shares.The stock last traded at $29.39 and had previously closed at $28.09.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on Atour Lifestyle in a report on Monday, December 9th. They set a “buy” rating and a $34.40 price objective for the company.

Atour Lifestyle Trading Up 3.6 %

The stock has a market capitalization of $4.00 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.65 and a beta of 0.52. The company’s fifty day simple moving average is $26.67 and its 200 day simple moving average is $22.11.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P bought a new position in shares of Atour Lifestyle in the third quarter worth approximately $34,000. Public Employees Retirement System of Ohio bought a new position in Atour Lifestyle in the 3rd quarter worth $143,000. Y Intercept Hong Kong Ltd bought a new stake in Atour Lifestyle during the 3rd quarter valued at approximately $430,000. XTX Topco Ltd purchased a new position in shares of Atour Lifestyle in the second quarter worth $390,000. Finally, Walleye Capital LLC bought a new position in shares of Atour Lifestyle during the 3rd quarter valued at about $649,000. 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.