195,176 Shares in ATRenew Inc. Sponsored ADR $RERE Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in shares of ATRenew Inc. Sponsored ADR (NYSE:RERE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 195,176 shares of the company’s stock, valued at approximately $755,000. Public Employees Retirement System of Ohio owned about 0.09% of ATRenew as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in shares of ATRenew in the fourth quarter worth about $23,190,000. Arrowstreet Capital Limited Partnership grew its stake in shares of ATRenew by 98.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,950,152 shares of the company’s stock valued at $13,571,000 after purchasing an additional 1,466,383 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of ATRenew by 60.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,857,684 shares of the company’s stock valued at $20,447,000 after purchasing an additional 1,450,764 shares in the last quarter. Fideuram Asset Management Ireland dac acquired a new stake in shares of ATRenew in the fourth quarter valued at approximately $4,764,000. Finally, Capitolis Liquid Global Markets LLC bought a new position in ATRenew in the 4th quarter worth approximately $3,903,000. Institutional investors and hedge funds own 19.29% of the company’s stock.

Analyst Upgrades and Downgrades

RERE has been the topic of several research reports. Wall Street Zen downgraded ATRenew from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. CICC Research assumed coverage on ATRenew in a research note on Thursday, August 20th. They issued an “outperform” rating for the company. UBS Group assumed coverage on ATRenew in a research report on Tuesday, July 21st. They set a “buy” rating and a $5.50 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ATRenew in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.50.

ATRenew Trading Down 0.9%

Shares of NYSE RERE opened at $4.04 on Thursday. The firm has a market capitalization of $885.28 million, a PE ratio of 13.91 and a beta of 0.33. ATRenew Inc. Sponsored ADR has a 1 year low of $3.50 and a 1 year high of $6.47. The firm’s 50-day moving average is $4.15 and its 200-day moving average is $4.52.

ATRenew (NYSE:RERE) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. ATRenew had a net margin of 2.01% and a return on equity of 12.32%. The business had revenue of $972.82 million during the quarter, compared to the consensus estimate of $930.34 million. As a group, equities research analysts anticipate that ATRenew Inc. Sponsored ADR will post 0.37 earnings per share for the current fiscal year.

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