47,478 Shares in ATRenew Inc. (NYSE:RERE) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in shares of ATRenew Inc. (NYSE:RERE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,478 shares of the company’s stock, valued at approximately $137,000.

A number of other institutional investors have also recently made changes to their positions in RERE. Cubist Systematic Strategies LLC lifted its holdings in ATRenew by 30.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company’s stock worth $112,000 after buying an additional 11,011 shares during the last quarter. PFG Investments LLC purchased a new position in ATRenew during the 3rd quarter worth $95,000. WT Asset Management Ltd acquired a new position in ATRenew in the third quarter valued at $159,000. Harvest Fund Management Co. Ltd raised its holdings in shares of ATRenew by 162.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company’s stock valued at $2,906,000 after buying an additional 649,214 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of ATRenew during the third quarter worth about $32,000. Institutional investors and hedge funds own 19.29% of the company’s stock.

ATRenew Price Performance

NYSE:RERE opened at $3.15 on Tuesday. ATRenew Inc. has a 1-year low of $1.07 and a 1-year high of $3.70. The firm’s fifty day moving average price is $2.85 and its 200 day moving average price is $2.67. The firm has a market cap of $766.97 million, a price-to-earnings ratio of -62.89, a price-to-earnings-growth ratio of 0.42 and a beta of 0.10.

ATRenew 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.