Price T Rowe Associates Inc. MD bought a new position in shares of ATRenew Inc. (NYSE:RERE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,299,407 shares of the company's stock, valued at approximately $6,623,000. Price T Rowe Associates Inc. MD owned 0.94% of ATRenew at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in shares of ATRenew in the fourth quarter valued at about $29,000. QRG Capital Management Inc. acquired a new position in shares of ATRenew during the 4th quarter worth approximately $48,000. Russell Investments Group Ltd. purchased a new stake in ATRenew in the 4th quarter valued at approximately $82,000. SG Americas Securities LLC acquired a new stake in shares of ATRenew during the fourth quarter valued at $137,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in ATRenew by 16.2% in 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. 19.29% of the stock is owned by hedge funds and other institutional investors.
ATRenew Trading Up 2.4 %
NYSE RERE opened at $2.51 on Friday. ATRenew Inc. has a twelve month low of $2.00 and a twelve month high of $3.70. The business's 50-day moving average price is $2.75 and its 200 day moving average price is $2.78. The company has a market capitalization of $612.12 million, a PE ratio of -50.19, a price-to-earnings-growth ratio of 0.41 and a beta of 0.04.
ATRenew 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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