Arrowstreet Capital Limited Partnership grew its stake in ATRenew Inc. (NYSE:RERE - Free Report) by 101.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,636,473 shares of the company's stock after acquiring an additional 822,998 shares during the period. Arrowstreet Capital Limited Partnership owned 0.67% of ATRenew worth $4,713,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Sei Investments Co. acquired a new position in shares of ATRenew during the fourth quarter worth $201,000. Yiheng Capital Management L.P. raised its stake in ATRenew by 107.7% during the 4th quarter. Yiheng Capital Management L.P. now owns 3,163,117 shares of the company's stock worth $9,110,000 after buying an additional 1,639,859 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position 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 during the period. Harvest Fund Management Co. Ltd lifted its holdings 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 valued at $4,016,000 after purchasing an additional 350,000 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. lifted its position in shares of 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 purchasing an additional 724,415 shares in the last quarter. Institutional investors and hedge funds own 19.29% of the company's stock.
ATRenew Stock Performance
RERE stock traded up $0.05 during mid-day trading on Friday, hitting $2.27. The company had a trading volume of 1,337,959 shares, compared to its average volume of 1,133,832. The stock's fifty day moving average price is $2.96 and its two-hundred day moving average price is $2.83. ATRenew Inc. has a 12 month low of $1.50 and a 12 month high of $3.70. The firm has a market cap of $552.37 million, a PE ratio of -45.29, a price-to-earnings-growth 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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