Atour Lifestyle (NASDAQ:ATAT) Stock Price Down 5.4% – Should You Sell?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) shares fell 5.4% on Friday . The company traded as low as $26.87 and last traded at $27.21. Approximately 891,316 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 990,818 shares. The stock had previously closed at $28.77.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began coverage on shares of Atour Lifestyle in a research report on Monday, December 9th. They set a “buy” rating and a $34.40 price objective on the stock.

Atour Lifestyle Trading Down 6.2 %

The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 0.65 and a beta of 0.52. The firm has a fifty day simple moving average of $26.73 and a 200-day simple moving average of $22.25.

Hedge Funds Weigh In On Atour Lifestyle

Institutional investors have recently modified their holdings of the business. Loomis Sayles & Co. L P acquired a new stake in shares of Atour Lifestyle in the 3rd quarter valued at approximately $34,000. Public Employees Retirement System of Ohio bought a new position in Atour Lifestyle in the third quarter valued at about $143,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Atour Lifestyle during the third quarter worth $430,000. XTX Topco Ltd acquired a new stake in Atour Lifestyle during the 2nd quarter worth approximately $390,000. Finally, Walleye Capital LLC bought a new position in shares of Atour Lifestyle during the third quarter worth about $649,000. Institutional investors 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.