Public Employees Retirement System of Ohio Acquires New Shares in ATRenew Inc. Sponsored ADR $RERE

Public Employees Retirement System of Ohio bought a new stake in ATRenew Inc. Sponsored ADR (NYSE:REREFree Report) during the 2nd quarter, Holdings Channel reports. The fund bought 195,176 shares of the company’s stock, valued at approximately $755,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RERE. Wells Fargo & Company MN bought a new position in ATRenew during the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd increased its stake in shares of ATRenew by 10,014.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,473 shares of the company’s stock valued at $34,000 after acquiring an additional 6,409 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of ATRenew in the 3rd quarter valued at approximately $49,000. Hsbc Holdings PLC acquired a new stake in shares of ATRenew in the 4th quarter valued at approximately $67,000. Finally, Van ECK Associates Corp bought a new position in ATRenew during the 3rd quarter worth approximately $83,000. Institutional investors own 19.29% of the company’s stock.

ATRenew Price Performance

Shares of ATRenew stock opened at $4.04 on Thursday. ATRenew Inc. Sponsored ADR has a 1 year low of $3.50 and a 1 year high of $6.47. The business has a 50-day moving average of $4.15 and a two-hundred day moving average of $4.52. The company has a market capitalization of $885.28 million, a P/E ratio of 13.91 and a beta of 0.33.

ATRenew (NYSE:REREGet Free Report) last released its quarterly earnings data on Thursday, August 20th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. ATRenew had a return on equity of 12.32% and a net margin of 2.01%.The business had revenue of $972.82 million for the quarter, compared to analysts’ expectations of $930.34 million. On average, equities analysts anticipate that ATRenew Inc. Sponsored ADR will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. CICC Research began coverage on shares of ATRenew in a report on Thursday, August 20th. They set an “outperform” rating for the company. Wall Street Zen lowered shares of ATRenew from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Weiss Ratings reissued a “hold (c)” rating on shares of ATRenew in a research report on Wednesday, July 29th. Finally, UBS Group initiated coverage on shares of ATRenew in a report on Tuesday, July 21st. They issued a “buy” rating and a $5.50 price target for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.50.

View Our Latest Analysis on RERE

ATRenew Profile

(Free Report)

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. The company was formerly known as AiHuiShou International Co Ltd.

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Institutional Ownership by Quarter for ATRenew (NYSE:RERE)

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