Renaissance Technologies LLC lowered its position in shares of ATRenew Inc. (NYSE:RERE - Free Report) by 39.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 309,900 shares of the company's stock after selling 203,137 shares during the period. Renaissance Technologies LLC owned about 0.13% of ATRenew worth $893,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in ATRenew during the 4th quarter worth $137,000. QRG Capital Management Inc. acquired a new stake in ATRenew during the 4th quarter worth about $48,000. Prescott Group Capital Management L.L.C. grew its position in ATRenew by 31.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 3,035,436 shares of the company's stock worth $8,742,000 after purchasing an additional 724,415 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in shares of ATRenew by 33.4% in the fourth 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 last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in ATRenew by 16.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,401 shares of the company's stock valued at $162,000 after acquiring an additional 7,883 shares in the last quarter. 19.29% of the stock is currently owned by institutional investors.
ATRenew Price Performance
RERE stock traded up $0.06 during midday trading on Friday, hitting $2.51. 470,313 shares of the stock traded hands, compared to its average volume of 1,145,977. ATRenew Inc. has a 1-year low of $2.00 and a 1-year high of $3.70. The stock's fifty day simple moving average is $2.75 and its 200-day simple moving average is $2.78. The firm has a market cap of $612.12 million, a P/E ratio of -50.19, a PEG ratio of 0.41 and a beta of 0.04.
About ATRenew
(
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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