Parametrica Management Ltd Acquires 393,566 Shares of ATRenew Inc. Sponsored ADR $RERE

Parametrica Management Ltd raised its holdings in ATRenew Inc. Sponsored ADR (NYSE:RERE) by 260.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 544,946 shares of the company’s stock after buying an additional 393,566 shares during the quarter. ATRenew accounts for 3.9% of Parametrica Management Ltd’s investment portfolio, making the stock its 12th largest holding. Parametrica Management Ltd owned about 0.22% of ATRenew worth $2,507,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Citigroup Inc. lifted its position in shares of ATRenew by 109,141.5% during the 3rd quarter. Citigroup Inc. now owns 1,126,280 shares of the company’s stock valued at $5,181,000 after acquiring an additional 1,125,249 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in shares of ATRenew during the third quarter valued at about $2,466,000. GSA Capital Partners LLP acquired a new position in shares of ATRenew during the third quarter valued at about $170,000. Cornerstone Investment Partners LLC bought a new position in shares of ATRenew during the 3rd quarter worth about $160,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of ATRenew in the 3rd quarter valued at about $903,000. Institutional investors own 19.29% of the company’s stock.

ATRenew Price Performance

NYSE:RERE opened at $6.07 on Thursday. ATRenew Inc. Sponsored ADR has a one year low of $2.00 and a one year high of $6.47. The firm has a 50-day moving average of $5.70 and a 200-day moving average of $4.85.

Analysts Set New Price Targets

RERE has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ATRenew in a research note on Monday, December 29th. Wall Street Zen upgraded ATRenew from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently 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. The company was formerly known as AiHuiShou International Co Ltd.