Schroder Investment Management Group Sells 158,844 Shares of ATRenew Inc. (NYSE:RERE)

Schroder Investment Management Group decreased its stake in shares of ATRenew Inc. (NYSE:RERE) by 21.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 587,185 shares of the company’s stock after selling 158,844 shares during the period. Schroder Investment Management Group’s holdings in ATRenew were worth $1,697,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. QRG Capital Management Inc. acquired a new stake in ATRenew during the fourth quarter worth approximately $48,000. Centiva Capital LP lifted its holdings in 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 purchasing an additional 58,413 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its stake in ATRenew by 31.3% in 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 purchasing an additional 724,415 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in ATRenew by 33.4% in 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 purchasing an additional 350,000 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew 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 buying an additional 7,883 shares in the last quarter. Institutional investors and hedge funds own 19.29% of the company’s stock.

ATRenew Stock Performance

NYSE:RERE opened at $2.59 on Monday. The firm has a market cap of $630.41 million, a price-to-earnings ratio of -51.69, a P/E/G 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 $3.03 and its 200 day simple moving average is $2.83.

About ATRenew

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.