QRG Capital Management Inc. Invests $48,000 in ATRenew Inc. (NYSE:RERE)

QRG Capital Management Inc. acquired a new position in ATRenew Inc. (NYSE:RERE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 16,764 shares of the company’s stock, valued at approximately $48,000.

Several other hedge funds also recently made changes to their positions in the business. Harber Asset Management LLC boosted its holdings in shares of ATRenew by 14.6% in the third quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock worth $3,043,000 after buying an additional 139,842 shares during the period. Harvest Fund Management Co. Ltd boosted 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 worth $2,906,000 after buying an additional 649,214 shares during the period. Centiva Capital LP boosted its holdings in shares of ATRenew by 342.2% in the third quarter. Centiva Capital LP now owns 75,483 shares of the company’s stock worth $210,000 after buying an additional 58,413 shares during the period. Quadrature Capital Ltd boosted its holdings in shares of ATRenew by 67.8% in the third quarter. Quadrature Capital Ltd now owns 70,729 shares of the company’s stock worth $197,000 after buying an additional 28,569 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of ATRenew in the fourth quarter worth about $137,000. Institutional investors and hedge funds own 19.29% of the company’s stock.

ATRenew Price Performance

Shares of RERE opened at $3.37 on Friday. ATRenew Inc. has a one year low of $1.13 and a one year high of $3.70. The company has a 50-day moving average of $2.83 and a two-hundred day moving average of $2.72. The stock has a market cap of $820.63 million, a price-to-earnings ratio of -67.29, a PEG ratio of 0.41 and a beta of 0.08.

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.