Barclays PLC Reduces Stake in ATRenew Inc. (NYSE:RERE)

Barclays PLC decreased its position in shares of ATRenew Inc. (NYSE:RERE - Free Report) by 62.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 280,985 shares of the company's stock after selling 468,532 shares during the quarter. Barclays PLC owned 0.12% of ATRenew worth $809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in ATRenew during the fourth quarter valued at approximately $137,000. QRG Capital Management Inc. purchased a new position in ATRenew during the fourth quarter valued at approximately $48,000. Prescott Group Capital Management L.L.C. raised its position in ATRenew by 31.3% during 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 acquiring an additional 724,415 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in ATRenew by 33.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,399,214 shares of the company's stock valued at $4,016,000 after acquiring an additional 350,000 shares in 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. Institutional investors and hedge funds own 19.29% of the company's stock.

ATRenew Price Performance

RERE stock traded up $0.14 during trading on Monday, hitting $2.60. 446,567 shares of the company traded hands, compared to its average volume of 1,114,607. The stock's 50-day simple moving average is $2.71 and its 200 day simple moving average is $2.78. The company has a market cap of $632.85 million, a PE ratio of -51.69, a P/E/G ratio of 0.41 and a beta of 0.06. ATRenew Inc. has a 1 year low of $2.00 and a 1 year high of $3.70.

ATRenew Profile

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.