Atour Lifestyle Holdings Limited (NASDAQ:ATAT – Get Free Report)’s share price fell 2.1% during mid-day trading on Thursday . The company traded as low as $18.00 and last traded at $18.60. 199,197 shares were traded during trading, a decline of 61% from the average session volume of 516,930 shares. The stock had previously closed at $19.00.
Atour Lifestyle Stock Performance
The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 44.24 and a beta of 0.66. The business’s 50-day moving average is $18.65 and its 200-day moving average is $18.29.
Institutional Investors Weigh In On Atour Lifestyle
A number of hedge funds have recently made changes to their positions in ATAT. Barclays PLC acquired a new stake in shares of Atour Lifestyle during the 4th quarter worth about $4,394,000. Deutsche Bank AG bought a new stake in Atour Lifestyle during the 4th quarter worth about $791,000. Point72 Asset Management L.P. bought a new stake in Atour Lifestyle during the 4th quarter worth about $85,000. Morgan Stanley bought a new stake in Atour Lifestyle during the 4th quarter worth about $294,000. Finally, Millennium Management LLC bought a new stake in Atour Lifestyle during the 4th quarter worth about $993,000. Institutional investors and hedge funds own 17.79% of the company’s stock.
Atour Lifestyle Company Profile
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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