Renaissance Technologies LLC Acquires 115,853 Shares of ATRenew Inc. (NYSE:RERE)

Renaissance Technologies LLC raised its holdings in shares of ATRenew Inc. (NYSE:RERE) by 26.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 560,853 shares of the company’s stock after purchasing an additional 115,853 shares during the quarter. Renaissance Technologies LLC owned approximately 0.23% of ATRenew worth $1,329,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC acquired a new stake in ATRenew during the 1st quarter worth approximately $134,000. 19.29% of the stock is owned by hedge funds and other institutional investors.

ATRenew Stock Up 5.7 %

Shares of NYSE RERE opened at $2.99 on Friday. The stock’s fifty day moving average price is $2.49 and its two-hundred day moving average price is $2.29. ATRenew Inc. has a one year low of $1.01 and a one year high of $3.18.

ATRenew (NYSE:RERE) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $519.69 million for the quarter, compared to the consensus estimate of $514.00 million. ATRenew had a positive return on equity of 4.80% and a negative net margin of 0.99%. Equities research analysts expect that ATRenew Inc. will post 0.16 EPS for the current year.

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.