SG Americas Securities LLC Takes Position in ATRenew Inc. Sponsored ADR $RERE

Key Points

• SG Americas Securities LLC opened a new position in ATRenew (NYSE:RERE) in Q4, buying 348,494 shares worth about $1.85 million, while other institutions (notably Arrowstreet and Citigroup) also significantly increased stakes, leaving institutional ownership at 19.29%.
• ATRenew reported $0.12 EPS and $893.9 million in revenue for the quarter (net margin 1.6%, ROE 9.87%) and declared a $0.10 dividend payable April 24 with an ex-/record date of April 6.
• The stock trades with a market cap near $970 million, a P/E of 22.08 and a 52-week range of $2.00–$6.47, and carries a MarketBeat consensus rating of Hold despite a recent upgrade to "Strong-Buy" from Wall Street Zen.

SG Americas Securities LLC bought a new position in ATRenew Inc. Sponsored ADR (NYSE:RERE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 348,494 shares of the company's stock, valued at approximately $1,847,000.

A number of other large investors have also added to or reduced their stakes in RERE. Arrowstreet Capital Limited Partnership boosted its position in shares of ATRenew by 98.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,950,152 shares of the company's stock valued at $13,571,000 after acquiring an additional 1,466,383 shares during the last quarter. Citigroup Inc. raised its stake in ATRenew by 109,141.5% during the third quarter. Citigroup Inc. now owns 1,126,280 shares of the company's stock valued at $5,181,000 after purchasing an additional 1,125,249 shares in the last quarter. Bank of America Corp DE lifted its position in ATRenew by 69.6% during the third quarter. Bank of America Corp DE now owns 749,676 shares of the company's stock valued at $3,449,000 after purchasing an additional 307,679 shares during the last quarter. Marshall Wace LLP lifted its position in ATRenew by 14.2% during the second quarter. Marshall Wace LLP now owns 561,536 shares of the company's stock valued at $1,859,000 after purchasing an additional 69,801 shares during the last quarter. Finally, Parametrica Management Ltd lifted its holdings in shares of ATRenew by 260.0% in the 3rd quarter. Parametrica Management Ltd now owns 544,946 shares of the company's stock valued at $2,507,000 after acquiring an additional 393,566 shares during the last quarter. Institutional investors own 19.29% of the company's stock.

ATRenew Stock Up 2.2%

RERE opened at $4.42 on Monday. The stock has a market cap of $970.06 million, a P/E ratio of 22.08 and a beta of 0.29. ATRenew Inc. Sponsored ADR has a 52-week low of $2.00 and a 52-week high of $6.47. The business has a fifty day moving average of $5.50 and a 200 day moving average of $5.01.

ATRenew (NYSE:RERE - Get Free Report) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.12 EPS for the quarter. The firm had revenue of $893.92 million for the quarter. ATRenew had a net margin of 1.60% and a return on equity of 9.87%. Equities analysts anticipate that ATRenew Inc. Sponsored ADR will post 0.09 EPS for the current fiscal year.

ATRenew Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be issued a $0.10 dividend. The ex-dividend date is Monday, April 6th.

Wall Street Analysts Forecast Growth

RERE has been the subject of several analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of ATRenew in a research note on Monday, December 29th. Wall Street Zen raised shares of ATRenew from a "buy" rating to a "strong-buy" rating in a research note on Sunday, March 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, ATRenew has a consensus rating of "Hold".

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. The company was formerly known as AiHuiShou International Co Ltd.

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