Yiheng Capital Management L.P. Increases Position in ATRenew Inc. (NYSE:RERE)

Yiheng Capital Management L.P. lifted its stake in ATRenew Inc. (NYSE:RERE - Free Report) by 107.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,163,117 shares of the company's stock after purchasing an additional 1,639,859 shares during the quarter. ATRenew comprises 0.4% of Yiheng Capital Management L.P.'s portfolio, making the stock its 14th biggest holding. Yiheng Capital Management L.P. owned about 1.30% of ATRenew worth $9,110,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Harvest Fund Management Co. Ltd raised its position in ATRenew by 162.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company's stock worth $2,906,000 after purchasing an additional 649,214 shares during the period. QRG Capital Management Inc. bought a new position in shares of ATRenew during the fourth quarter valued at approximately $48,000. Harber Asset Management LLC raised its holdings in shares of ATRenew by 14.6% in the third quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company's stock worth $3,043,000 after buying an additional 139,842 shares during the period. Centiva Capital LP lifted its stake in shares of ATRenew by 342.2% during the 3rd quarter. Centiva Capital LP now owns 75,483 shares of the company's stock worth $210,000 after acquiring an additional 58,413 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its holdings in ATRenew by 31.3% during the 4th 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 acquiring an additional 724,415 shares during the period. Institutional investors own 19.29% of the company's stock.

ATRenew Stock Performance

ATRenew stock traded down $0.05 during mid-day trading on Tuesday, hitting $3.01. The company's stock had a trading volume of 592,602 shares, compared to its average volume of 1,110,601. ATRenew Inc. has a one year low of $1.50 and a one year high of $3.70. The stock has a market cap of $734.05 million, a PE ratio of -60.19, a P/E/G ratio of 0.41 and a beta of 0.08. The company has a 50 day moving average of $2.96 and a 200-day moving average of $2.79.

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.