Atour Lifestyle (NASDAQ:ATAT) Sees Large Volume Increase

Atour Lifestyle Holdings Limited (NASDAQ:ATATGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 349,056 shares traded hands during trading, an increase of 1% from the previous session’s volume of 344,191 shares.The stock last traded at $18.58 and had previously closed at $19.61.

Analyst Ratings Changes

Separately, Morgan Stanley initiated coverage on Atour Lifestyle in a research note on Tuesday, August 29th. They set an “overweight” rating and a $36.00 price objective for the company.

Get Our Latest Stock Analysis on Atour Lifestyle

Atour Lifestyle Stock Performance

The company has a 50-day moving average of $18.72 and a 200-day moving average of $18.66.

Atour Lifestyle (NASDAQ:ATATGet Free Report) last announced its quarterly earnings data on Thursday, August 17th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $150.69 million during the quarter. Equities analysts predict that Atour Lifestyle Holdings Limited will post 0.63 earnings per share for the current fiscal year.

Atour Lifestyle Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Thursday, September 28th. Stockholders of record on Wednesday, September 6th were issued a $0.15 dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Tuesday, September 5th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ATAT. Sylebra Capital Ltd acquired a new position in Atour Lifestyle in the second quarter valued at approximately $18,971,000. Macquarie Group Ltd. lifted its holdings in Atour Lifestyle by 118.0% in the first quarter. Macquarie Group Ltd. now owns 767,747 shares of the company’s stock valued at $20,123,000 after acquiring an additional 415,498 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in Atour Lifestyle by 22.0% in the third quarter. Burgundy Asset Management Ltd. now owns 376,603 shares of the company’s stock valued at $7,099,000 after acquiring an additional 67,855 shares during the period. Point72 Hong Kong Ltd lifted its holdings in Atour Lifestyle by 207.1% in the second quarter. Point72 Hong Kong Ltd now owns 369,494 shares of the company’s stock valued at $6,001,000 after acquiring an additional 249,167 shares during the period. Finally, Schroder Investment Management Group acquired a new position in Atour Lifestyle in the third quarter valued at approximately $6,925,000. 5.61% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Company Profile

(Get Free Report)

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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