Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stake in ATRenew Inc. (NYSE:RERE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of ATRenew Inc. (NYSE:RERE) by 16.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,401 shares of the company’s stock after buying an additional 7,883 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in ATRenew were worth $162,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new stake in shares of ATRenew in the third quarter valued at approximately $32,000. QRG Capital Management Inc. purchased a new stake in ATRenew in the 4th quarter valued at $48,000. SG Americas Securities LLC acquired a new stake in ATRenew during the 4th quarter worth $137,000. Quadrature Capital Ltd boosted its stake in ATRenew by 67.8% during the 3rd quarter. Quadrature Capital Ltd now owns 70,729 shares of the company’s stock worth $197,000 after purchasing an additional 28,569 shares during the period. Finally, Centiva Capital LP grew its position 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. Institutional investors and hedge funds own 19.29% of the company’s stock.

ATRenew Stock Performance

Shares of NYSE:RERE opened at $3.13 on Friday. ATRenew Inc. has a one year low of $1.50 and a one year high of $3.70. The stock has a market capitalization of $762.10 million, a price-to-earnings ratio of -62.49, a PEG ratio of 0.41 and a beta of 0.08. The company has a 50-day simple moving average of $3.00 and a 200-day simple moving average of $2.80.

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.