Cubist Systematic Strategies LLC Has $164,000 Holdings in ATRenew Inc. (NYSE:RERE)

Cubist Systematic Strategies LLC increased its position in shares of ATRenew Inc. (NYSE:RERE) by 40.3% in the 4th quarter, HoldingsChannel reports. The firm owned 57,025 shares of the company’s stock after acquiring an additional 16,385 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in ATRenew were worth $164,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in ATRenew during the 4th quarter valued at approximately $29,000. QRG Capital Management Inc. bought a new position in shares of ATRenew in the 4th quarter worth $48,000. Russell Investments Group Ltd. bought a new position in ATRenew during the 4th quarter valued at $82,000. Susquehanna Fundamental Investments LLC bought a new position in ATRenew during the 4th quarter valued at $101,000. Finally, SG Americas Securities LLC bought a new position in ATRenew during the 4th quarter valued at $137,000. Institutional investors own 19.29% of the company’s stock.

ATRenew Trading Up 0.5%

Shares of NYSE:RERE opened at $2.83 on Monday. The stock has a market cap of $688.94 million, a PE ratio of -56.49, a price-to-earnings-growth ratio of 0.41 and a beta of 0.06. ATRenew Inc. has a 1-year low of $2.00 and a 1-year high of $3.70. The stock’s fifty day simple moving average is $2.65 and its two-hundred day simple moving average is $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.