Centiva Capital LP increased its stake in shares of ATRenew Inc. (NYSE:RERE – Free Report) by 342.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 75,483 shares of the company’s stock after acquiring an additional 58,413 shares during the period. Centiva Capital LP’s holdings in ATRenew were worth $210,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Walleye Capital LLC bought a new position in ATRenew in the 3rd quarter worth approximately $32,000. Harvest Fund Management Co. Ltd lifted its stake 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 period. WT Asset Management Ltd bought a new position in ATRenew during the third quarter valued at about $159,000. PFG Investments LLC acquired a new position in ATRenew in the 3rd quarter valued at approximately $95,000. Finally, Cubist Systematic Strategies LLC grew 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 purchasing an additional 11,011 shares in the last quarter. 19.29% of the stock is currently owned by institutional investors and hedge funds.
ATRenew Price Performance
Shares of ATRenew stock opened at $2.97 on Friday. The company’s fifty day moving average price is $2.76 and its two-hundred day moving average price is $2.54. The firm has a market capitalization of $723.08 million, a PE ratio of -59.30, a price-to-earnings-growth ratio of 0.66 and a beta of 0.07. ATRenew Inc. has a 52-week low of $1.01 and a 52-week high of $3.70.
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.
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