BRIGHT VALLEY CAPITAL Ltd purchased a new stake in ATRenew Inc. (NYSE:RERE – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 589,128 shares of the company’s stock, valued at approximately $1,396,000. ATRenew accounts for about 1.6% of BRIGHT VALLEY CAPITAL Ltd’s investment portfolio, making the stock its 10th largest position. BRIGHT VALLEY CAPITAL Ltd owned approximately 0.24% of ATRenew as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Cubist Systematic Strategies LLC lifted its holdings in shares of 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 acquiring an additional 11,011 shares during the period. Virtu Financial LLC bought a new position in shares of ATRenew during the 1st quarter worth about $134,000. Renaissance Technologies LLC lifted its holdings in shares of ATRenew by 26.0% during the 2nd quarter. Renaissance Technologies LLC now owns 560,853 shares of the company’s stock worth $1,329,000 after acquiring an additional 115,853 shares during the period. Marshall Wace LLP lifted its holdings in shares of 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 acquiring an additional 134,151 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of ATRenew during the 2nd quarter worth about $3,328,000. 19.29% of the stock is owned by institutional investors.
ATRenew Stock Up 9.9 %
Shares of ATRenew stock opened at $2.78 on Tuesday. The stock has a market capitalization of $677.96 million, a P/E ratio of -23.17, a price-to-earnings-growth ratio of 0.50 and a beta of -0.18. The company has a 50-day simple moving average of $2.46 and a 200 day simple moving average of $2.27. ATRenew Inc. has a 12-month low of $1.01 and a 12-month high of $3.03.
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.
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