Atour Lifestyle (NASDAQ:ATAT) Shares Down 5.4% – What’s Next?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) traded down 5.4% on Friday . The stock traded as low as $26.87 and last traded at $27.21. 891,316 shares were traded during trading, a decline of 10% from the average session volume of 990,818 shares. The stock had previously closed at $28.77.

Wall Street Analysts Forecast Growth

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

Atour Lifestyle Trading Down 5.4 %

The stock has a 50 day moving average of $26.72 and a 200-day moving average of $22.15. The stock has a market capitalization of $3.74 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 0.65 and a beta of 0.52.

Institutional Trading of Atour Lifestyle

Large investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P bought a new stake in Atour Lifestyle during the 3rd quarter valued at about $34,000. Public Employees Retirement System of Ohio purchased a new position in Atour Lifestyle during the third quarter valued at approximately $143,000. Y Intercept Hong Kong Ltd bought a new position in Atour Lifestyle in the third quarter worth approximately $430,000. XTX Topco Ltd purchased a new stake in Atour Lifestyle during the second quarter worth $390,000. Finally, Walleye Capital LLC bought a new stake in Atour Lifestyle during the 3rd quarter valued at $649,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

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.