Atour Lifestyle (NASDAQ:ATAT) Sees Strong Trading Volume – Here’s What Happened

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) saw an uptick in trading volume on Wednesday . 1,659,834 shares changed hands during trading, an increase of 75% from the previous session’s volume of 946,324 shares.The stock last traded at $25.25 and had previously closed at $25.00.

Atour Lifestyle Stock Down 0.7 %

The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64. The business’s fifty day moving average is $26.11 and its 200 day moving average is $20.81.

Atour Lifestyle (NASDAQ:ATAT) last released its earnings results on Thursday, August 29th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $247.28 million for the quarter, compared to the consensus estimate of $244.72 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. Equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new position in Atour Lifestyle during the 3rd quarter worth approximately $34,000. Public Employees Retirement System of Ohio acquired a new position in Atour Lifestyle during the third quarter worth $143,000. XTX Topco Ltd bought a new position in Atour Lifestyle in the second quarter valued at $390,000. Y Intercept Hong Kong Ltd acquired a new stake in Atour Lifestyle in the 3rd quarter valued at $430,000. Finally, Van Berkom & Associates Inc. acquired a new stake in Atour Lifestyle in the 2nd quarter valued at $492,000. 17.79% of the stock is currently owned by 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.