Harber Asset Management LLC raised its stake in ATRenew Inc. (NYSE:RERE - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,246,780 shares of the company's stock after acquiring an additional 152,163 shares during the quarter. Harber Asset Management LLC owned approximately 0.51% of ATRenew worth $3,591,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. acquired a new stake in shares of ATRenew during the fourth quarter worth $48,000. Russell Investments Group Ltd. purchased a new position in shares of ATRenew during the 4th quarter worth about $82,000. SG Americas Securities LLC acquired a new stake in shares of ATRenew in the fourth quarter worth approximately $137,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of ATRenew by 16.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,401 shares of the company's stock worth $162,000 after acquiring an additional 7,883 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in ATRenew in the fourth quarter valued at approximately $201,000. 19.29% of the stock is currently owned by hedge funds and other institutional investors.
ATRenew Price Performance
NYSE:RERE traded down $0.03 during trading hours on Friday, reaching $2.14. 935,913 shares of the company were exchanged, compared to its average volume of 1,153,316. The firm has a market cap of $520.67 million, a price-to-earnings ratio of -42.69, a PEG ratio of 0.41 and a beta of 0.04. The stock has a 50 day simple moving average of $2.87 and a 200 day simple moving average of $2.81. ATRenew Inc. has a 52-week low of $1.53 and a 52-week high of $3.70.
ATRenew Profile
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Free Report)
ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.
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