Schroder Investment Management Group Decreases Holdings in ATRenew Inc. (NYSE:RERE)

Schroder Investment Management Group cut its holdings in ATRenew Inc. (NYSE:RERE - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 587,185 shares of the company's stock after selling 158,844 shares during the quarter. Schroder Investment Management Group owned approximately 0.24% of ATRenew worth $1,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RERE. Arrowstreet Capital Limited Partnership lifted its position in shares of ATRenew by 101.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,636,473 shares of the company's stock worth $4,713,000 after purchasing an additional 822,998 shares during the period. Sei Investments Co. bought a new position in ATRenew in the fourth quarter worth approximately $201,000. Yiheng Capital Management L.P. raised its stake in ATRenew by 107.7% in the fourth 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings 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 worth $162,000 after buying an additional 7,883 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its position in ATRenew by 33.4% during the 4th 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. 19.29% of the stock is currently owned by institutional investors.

ATRenew Trading Up 2.0 %

Shares of NYSE:RERE traded up $0.05 on Friday, reaching $2.27. The company had a trading volume of 1,337,959 shares, compared to its average volume of 1,133,832. The firm has a market capitalization of $552.37 million, a PE ratio of -45.29, a PEG ratio of 0.41 and a beta of 0.04. ATRenew Inc. has a 52-week low of $1.50 and a 52-week high of $3.70. The firm's 50 day simple moving average is $2.96 and its 200-day simple moving average is $2.83.

ATRenew Company 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.