Prescott Group Capital Management L.L.C. Purchases 120,000 Shares of ATRenew Inc. Sponsored ADR $RERE

Prescott Group Capital Management L.L.C. increased its position in ATRenew Inc. Sponsored ADR (NYSE:RERE) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,155,436 shares of the company’s stock after buying an additional 120,000 shares during the period. ATRenew comprises approximately 1.2% of Prescott Group Capital Management L.L.C.’s holdings, making the stock its 13th largest position. Prescott Group Capital Management L.L.C. owned 1.29% of ATRenew worth $10,444,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RERE. Virtu Financial LLC bought a new position in shares of ATRenew in the first quarter worth about $48,000. Caxton Associates LLP purchased a new position in ATRenew in the 1st quarter worth approximately $114,000. Cubist Systematic Strategies LLC grew its holdings in ATRenew by 15.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 66,119 shares of the company’s stock valued at $194,000 after buying an additional 9,094 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of ATRenew in the second quarter worth $406,000. Finally, Eschler Asset Management LLP grew its stake in ATRenew by 163.6% during the first quarter. Eschler Asset Management LLP now owns 226,700 shares of the company’s stock valued at $666,000 after acquiring an additional 140,700 shares in the last quarter. 19.29% of the stock is currently owned by hedge funds and other institutional investors.

ATRenew Trading Up 1.4%

Shares of NYSE:RERE opened at $3.96 on Friday. ATRenew Inc. Sponsored ADR has a 12 month low of $2.00 and a 12 month high of $4.93. The company has a market capitalization of $964.51 million, a price-to-earnings ratio of 32.96 and a beta of 0.22. The firm’s 50-day moving average is $4.22 and its 200 day moving average is $3.57.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RERE. Weiss Ratings restated a “hold (c-)” rating on shares of ATRenew in a research report on Wednesday, October 8th. Wall Street Zen cut ATRenew from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

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.