Atour Lifestyle (NASDAQ:ATAT) Shares Gap Up to $16.52

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) gapped up before the market opened on Thursday . The stock had previously closed at $16.52, but opened at $17.40. Atour Lifestyle shares last traded at $17.91, with a volume of 320,395 shares trading hands.

Atour Lifestyle Stock Performance

The firm has a fifty day simple moving average of $17.54 and a 200-day simple moving average of $18.09. The company has a market capitalization of $2.51 billion, a PE ratio of 17.03, a P/E/G ratio of 0.40 and a beta of 0.56.

Institutional Trading of Atour Lifestyle

Several institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI bought a new stake in shares of Atour Lifestyle in the 4th quarter worth about $25,000. New York State Common Retirement Fund acquired a new stake in Atour Lifestyle during the fourth quarter valued at approximately $42,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Atour Lifestyle during the 1st quarter worth approximately $47,000. Quadrature Capital Ltd acquired a new position in shares of Atour Lifestyle in the 4th quarter worth approximately $260,000. Finally, SG Americas Securities LLC bought a new stake in shares of Atour Lifestyle in the 1st quarter valued at approximately $275,000. 17.79% of the stock is owned by institutional investors and hedge funds.

About Atour Lifestyle

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.