Atour Lifestyle (NASDAQ:ATAT) Trading Down 2.1%

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) traded down 2.1% during mid-day trading on Thursday . The company traded as low as $18.00 and last traded at $18.60. 199,197 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 516,930 shares. The stock had previously closed at $19.00.

Atour Lifestyle Stock Down 5.6 %

The business has a 50-day moving average price of $18.65 and a 200-day moving average price of $18.29. The firm has a market capitalization of $2.47 billion, a PE ratio of 44.24 and a beta of 0.66.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ATAT. National Bank of Canada FI purchased a new position in Atour Lifestyle in the fourth quarter worth approximately $25,000. JPMorgan Chase & Co. purchased a new position in shares of Atour Lifestyle during the second quarter worth $35,000. Castleview Partners LLC purchased a new position in shares of Atour Lifestyle during the third quarter worth $39,000. New York State Common Retirement Fund purchased a new position in shares of Atour Lifestyle during the fourth quarter worth $42,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Atour Lifestyle during the third quarter worth $63,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Company Profile

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.