Atour Lifestyle (NASDAQ:ATAT) Sees Large Volume Increase – Time to Buy?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) shares saw an uptick in trading volume on Wednesday . 1,659,834 shares were traded 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 business has a fifty day moving average of $26.11 and a 200 day moving average of $20.81. The firm has a market cap of $3.42 billion, a P/E ratio of 21.41, a P/E/G ratio of 0.58 and a beta of 0.64.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ATAT. Vanguard Group Inc. acquired a new position in shares of Atour Lifestyle in the 1st quarter valued at $35,534,000. Price T Rowe Associates Inc. MD grew its stake in Atour Lifestyle by 363.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 883,921 shares of the company’s stock valued at $15,859,000 after acquiring an additional 693,322 shares during the period. SG Americas Securities LLC increased its holdings in shares of Atour Lifestyle by 1,423.5% in the second quarter. SG Americas Securities LLC now owns 233,801 shares of the company’s stock worth $4,290,000 after acquiring an additional 218,455 shares in the last quarter. M&G Plc acquired a new stake in shares of Atour Lifestyle during the second quarter worth about $23,181,000. Finally, Serenity Capital Management PTE. LTD. bought a new position in shares of Atour Lifestyle during the 2nd quarter valued at about $5,046,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

About Atour Lifestyle

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.