Atour Lifestyle Holdings Limited (NASDAQ:ATAT – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 629,252 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 742,140 shares.The stock last traded at $18.35 and had previously closed at $18.00.
Wall Street Analyst Weigh In
A number of equities analysts have commented on ATAT shares. Bank of America dropped their price objective on shares of Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating for the company in a research note on Monday, April 1st. Macquarie assumed coverage on shares of Atour Lifestyle in a report on Monday, April 22nd. They issued an “outperform” rating and a $26.00 target price for the company.
View Our Latest Report on Atour Lifestyle
Atour Lifestyle Stock Performance
Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Atour Lifestyle had a net margin of 18.19% and a return on equity of 50.00%. The company had revenue of $203.36 million during the quarter. Analysts expect that Atour Lifestyle Holdings Limited will post 1.11 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI purchased a new position in Atour Lifestyle during the 4th quarter valued at about $25,000. New York State Common Retirement Fund purchased a new position in shares of Atour Lifestyle in the 4th quarter worth approximately $42,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $47,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Atour Lifestyle in the 3rd quarter worth approximately $63,000. Finally, Advisors Preferred LLC purchased a new position in shares of Atour Lifestyle in the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.
About Atour Lifestyle
Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.
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