Atour Lifestyle (NASDAQ:ATAT) Sees Unusually-High Trading Volume – What’s Next?

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) saw unusually-strong trading volume on Friday . Approximately 3,193,935 shares were traded during mid-day trading, an increase of 172% from the previous session’s volume of 1,173,534 shares.The stock last traded at $22.31 and had previously closed at $23.07.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Bank of America increased their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research report on Friday, March 14th. UBS Group set a $37.30 target price on Atour Lifestyle and gave the company a “buy” rating in a report on Thursday, March 6th.

Atour Lifestyle Trading Down 3.7 %

The company’s 50-day moving average is $28.82 and its 200 day moving average is $27.43. The firm has a market cap of $3.06 billion, a PE ratio of 19.15, a P/E/G ratio of 0.59 and a beta of 0.51.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $285.58 million during the quarter, compared to analysts’ expectations of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. On average, research analysts predict that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Atour Lifestyle

A number of large investors have recently made changes to their positions in ATAT. Public Employees Retirement System of Ohio acquired a new stake in shares of Atour Lifestyle during the third quarter worth approximately $143,000. Pictet Asset Management Holding SA purchased a new stake in Atour Lifestyle in the 4th quarter worth approximately $155,000. AdvisorShares Investments LLC acquired a new stake in shares of Atour Lifestyle during the 4th quarter valued at $188,000. Cornerstone Investment Partners LLC purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at $213,000. Finally, Deutsche Bank AG acquired a new position in shares of Atour Lifestyle in the fourth quarter worth $235,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, 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.