Renaissance Technologies LLC Has $893,000 Stock Position in ATRenew Inc. (NYSE:RERE)

Renaissance Technologies LLC lessened its holdings in ATRenew Inc. (NYSE:RERE) by 39.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 309,900 shares of the company’s stock after selling 203,137 shares during the period. Renaissance Technologies LLC’s holdings in ATRenew were worth $893,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Invesco Ltd. raised its holdings in ATRenew by 1,718.6% during the fourth quarter. Invesco Ltd. now owns 1,896,877 shares of the company’s stock valued at $5,463,000 after buying an additional 1,792,572 shares in the last quarter. Yiheng Capital Management L.P. raised its stake in shares of ATRenew by 107.7% in the 4th quarter. Yiheng Capital Management L.P. now owns 3,163,117 shares of the company’s stock valued at $9,110,000 after acquiring an additional 1,639,859 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in 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 last quarter. Prescott Group Capital Management L.L.C. boosted its position in 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 worth $8,742,000 after purchasing an additional 724,415 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its holdings in ATRenew by 33.4% during 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 during the last quarter. 19.29% of the stock is currently owned by institutional investors.

ATRenew Stock Up 0.4 %

NYSE:RERE opened at $2.46 on Thursday. The company’s 50 day moving average is $2.77 and its 200-day moving average is $2.78. ATRenew Inc. has a 12 month low of $1.89 and a 12 month high of $3.70. The firm has a market cap of $599.93 million, a price-to-earnings ratio of -49.19, a P/E/G ratio of 0.41 and a beta of 0.04.

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.