Invesco Ltd. increased its position in shares of ATRenew Inc. (NYSE:RERE - Free Report) by 1,718.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,896,877 shares of the company's stock after buying an additional 1,792,572 shares during the period. Invesco Ltd. owned 0.78% of ATRenew worth $5,463,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Yiheng Capital Management L.P. lifted its stake in shares of ATRenew by 107.7% in the 4th quarter. Yiheng Capital Management L.P. now owns 3,163,117 shares of the company's stock valued at $9,110,000 after purchasing an additional 1,639,859 shares during the period. Prescott Group Capital Management L.L.C. lifted its stake in ATRenew by 31.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 3,035,436 shares of the company's stock valued at $8,742,000 after buying an additional 724,415 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ATRenew by 101.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,636,473 shares of the company's stock worth $4,713,000 after buying an additional 822,998 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in shares of ATRenew by 33.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,399,214 shares of the company's stock worth $4,016,000 after buying an additional 350,000 shares during the period. Finally, Sei Investments Co. bought a new stake in shares of ATRenew in the 4th quarter valued at $201,000. Institutional investors and hedge funds own 19.29% of the company's stock.
ATRenew Stock Down 1.4 %
NYSE:RERE traded down $0.04 during trading hours on Thursday, reaching $2.44. The company had a trading volume of 87,992 shares, compared to its average volume of 1,147,919. ATRenew Inc. has a twelve month low of $1.89 and a twelve month high of $3.70. The firm has a market cap of $593.83 million, a price-to-earnings ratio of -48.71, a P/E/G ratio of 0.41 and a beta of 0.04. The business's 50-day simple moving average is $2.77 and its two-hundred day simple moving average is $2.78.
ATRenew Company Profile
(
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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