Atour Lifestyle (NASDAQ:ATAT) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $33.03 and traded as high as $34.33. Atour Lifestyle shares last traded at $33.82, with a volume of 981,510 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ATAT shares. Zacks Research lowered Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded Atour Lifestyle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. HSBC started coverage on shares of Atour Lifestyle in a report on Wednesday, October 7th. They issued a “buy” rating and a $39.70 price target on the stock. Finally, Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.62.

Atour Lifestyle Stock Performance

The company’s 50 day moving average price is $33.03 and its 200-day moving average price is $35.04. The company has a market cap of $4.65 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 0.85 and a beta of 0.66.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. The company had revenue of $513.74 million for the quarter, compared to analysts’ expectations of $484.56 million. Equities research analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.16 EPS for the current year.

Institutional Trading of Atour Lifestyle

Hedge funds have recently made changes to their positions in the company. WFM ASIA BVI Ltd bought a new stake in shares of Atour Lifestyle in the second quarter valued at approximately $99,575,000. CI Investments Inc. bought a new position in Atour Lifestyle in the 1st quarter worth approximately $14,028,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Atour Lifestyle in the 1st quarter worth approximately $10,171,000. Hsbc Holdings PLC bought a new position in Atour Lifestyle in the 4th quarter worth approximately $7,430,000. Finally, Wellington Management Group LLP grew its stake in Atour Lifestyle by 116.8% in the 2nd quarter. Wellington Management Group LLP now owns 348,174 shares of the company’s stock valued at $11,072,000 after buying an additional 187,608 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a China-based hospitality and lifestyle company that operates a network of hotel brands and related businesses. Founded in 2013 and headquartered in Shanghai, the company focuses primarily on midscale and upscale hotels in China, serving business and leisure travelers through a combination of directly operated, franchised and managed properties.

Atour’s portfolio includes its flagship Atour brand as well as other hotel concepts designed for different customer segments and travel occasions, including Atour S, Atour X and Light.