Atour Lifestyle (NASDAQ:ATAT) Shares Gap Up – Here’s Why

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT)’s share price gapped up before the market opened on Monday . The stock had previously closed at $34.19, but opened at $35.83. Atour Lifestyle shares last traded at $35.3160, with a volume of 355,950 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on ATAT shares. Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Thursday, August 13th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Atour Lifestyle Trading Down 0.5%

The company’s 50 day moving average is $33.11 and its 200 day moving average is $35.60. The company has a market cap of $4.82 billion, a PE ratio of 18.87, a P/E/G ratio of 0.94 and a beta of 0.63.

Institutional Trading of Atour Lifestyle

A number of hedge funds have recently bought and sold shares of ATAT. Goldman Sachs Group Inc. boosted its position in shares of Atour Lifestyle by 1.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock worth $40,739,000 after purchasing an additional 14,453 shares in the last quarter. American Century Companies Inc. raised its stake in Atour Lifestyle by 13.8% in the second quarter. American Century Companies Inc. now owns 68,633 shares of the company’s stock valued at $2,231,000 after buying an additional 8,332 shares during the last quarter. First Trust Advisors LP acquired a new stake in Atour Lifestyle in the second quarter worth about $1,586,000. Jump Financial LLC grew its stake in shares of Atour Lifestyle by 38.0% during the second quarter. Jump Financial LLC now owns 62,192 shares of the company’s stock worth $2,022,000 after acquiring an additional 17,124 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Atour Lifestyle by 172.5% during the second quarter. Qube Research & Technologies Ltd now owns 975,098 shares of the company’s stock worth $31,700,000 after acquiring an additional 617,292 shares during the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

About Atour Lifestyle

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.