Harvest Fund Management Co. Ltd increased its position in ATRenew Inc. (NYSE:RERE - Free Report) by 162.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,049,214 shares of the company's stock after purchasing an additional 649,214 shares during the period. Harvest Fund Management Co. Ltd owned 0.43% of ATRenew worth $2,906,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. PFG Investments LLC acquired a new position in ATRenew in the 3rd quarter valued at about $95,000. Cubist Systematic Strategies LLC increased its stake in ATRenew by 30.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company's stock valued at $112,000 after buying an additional 11,011 shares during the period. Virtu Financial LLC purchased a new position in ATRenew during the 1st quarter worth $134,000. WT Asset Management Ltd purchased a new stake in shares of ATRenew in the third quarter valued at about $159,000. Finally, Marshall Wace LLP increased its stake in shares of ATRenew by 231.8% during the second quarter. Marshall Wace LLP now owns 192,036 shares of the company's stock worth $455,000 after acquiring an additional 134,151 shares during the period. Hedge funds and other institutional investors own 19.29% of the company's stock.
ATRenew Price Performance
NYSE RERE traded up $0.01 on Monday, hitting $2.84. 696,821 shares of the company's stock were exchanged, compared to its average volume of 1,006,463. The firm's 50-day moving average price is $2.55 and its two-hundred day moving average price is $2.49. The firm has a market cap of $692.59 million, a price-to-earnings ratio of -56.59, a P/E/G ratio of 0.58 and a beta of -0.13. ATRenew Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $3.18.
ATRenew Company Profile
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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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