Renaissance Technologies LLC lessened its holdings in ATRenew Inc. (NYSE:RERE - Free Report) by 39.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 309,900 shares of the company's stock after selling 203,137 shares during the quarter. Renaissance Technologies LLC owned about 0.13% of ATRenew worth $893,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. acquired a new stake in ATRenew during the fourth quarter worth about $48,000. Russell Investments Group Ltd. purchased a new stake in ATRenew in the 4th quarter worth approximately $82,000. SG Americas Securities LLC acquired a new stake in shares of ATRenew during the 4th quarter worth approximately $137,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of ATRenew by 16.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,401 shares of the company's stock valued at $162,000 after purchasing an additional 7,883 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in shares of ATRenew in the 4th quarter valued at $201,000. 19.29% of the stock is owned by hedge funds and other institutional investors.
ATRenew Stock Performance
NYSE RERE traded up $0.08 during mid-day trading on Tuesday, reaching $2.53. 573,914 shares of the stock were exchanged, compared to its average volume of 1,151,895. ATRenew Inc. has a 1 year low of $2.00 and a 1 year high of $3.70. The business's 50 day moving average is $2.73 and its 200-day moving average is $2.78. The company has a market capitalization of $615.78 million, a P/E ratio of -50.49, a P/E/G ratio of 0.41 and a beta of 0.06.
ATRenew Company 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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