WT Asset Management Ltd Invests $159,000 in ATRenew Inc. (NYSE:RERE)

WT Asset Management Ltd bought a new stake in ATRenew Inc. (NYSE:RERE) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 57,078 shares of the company’s stock, valued at approximately $159,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PFG Investments LLC acquired a new stake in shares of ATRenew in the third quarter valued at approximately $95,000. Cubist Systematic Strategies LLC raised its position in ATRenew by 30.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company’s stock valued at $112,000 after purchasing an additional 11,011 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in ATRenew during the 2nd quarter worth $1,396,000. Marshall Wace LLP grew its position in ATRenew by 231.8% during the 2nd quarter. Marshall Wace LLP now owns 192,036 shares of the company’s stock worth $455,000 after purchasing an additional 134,151 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of ATRenew by 26.0% in the second quarter. Renaissance Technologies LLC now owns 560,853 shares of the company’s stock valued at $1,329,000 after buying an additional 115,853 shares during the last quarter. 19.29% of the stock is currently owned by institutional investors and hedge funds.

ATRenew Trading Up 0.4 %

Shares of RERE traded up $0.01 during mid-day trading on Friday, hitting $2.39. 125,838 shares of the company’s stock were exchanged, compared to its average volume of 1,022,993. ATRenew Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $3.18. The business’s 50 day moving average is $2.50 and its two-hundred day moving average is $2.41. The firm has a market capitalization of $582.85 million, a P/E ratio of -26.44, a P/E/G ratio of 0.57 and a beta of -0.16.

ATRenew (NYSE:RERE) last announced its earnings results on Tuesday, August 20th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $519.69 million during the quarter, compared to analysts’ expectations of $514.00 million. ATRenew had a negative net margin of 0.99% and a positive return on equity of 4.80%. On average, equities research analysts forecast that ATRenew Inc. will post 0.16 earnings per share for the current year.

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.