Fideuram Asset Management Ireland dac Makes New Investment in ATRenew Inc. Sponsored ADR $RERE

Fideuram Asset Management Ireland dac purchased a new position in shares of ATRenew Inc. Sponsored ADR (NYSE:RERE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 898,865 shares of the company’s stock, valued at approximately $4,764,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its stake in ATRenew by 98.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,950,152 shares of the company’s stock worth $13,571,000 after purchasing an additional 1,466,383 shares during the period. Citigroup Inc. lifted its stake in ATRenew by 109,141.5% during the third quarter. Citigroup Inc. now owns 1,126,280 shares of the company’s stock worth $5,181,000 after purchasing an additional 1,125,249 shares during the period. Bank of America Corp DE lifted its stake in ATRenew by 69.6% during the third quarter. Bank of America Corp DE now owns 749,676 shares of the company’s stock worth $3,449,000 after purchasing an additional 307,679 shares during the period. Marshall Wace LLP lifted its stake in ATRenew by 14.2% during the second quarter. Marshall Wace LLP now owns 561,536 shares of the company’s stock worth $1,859,000 after purchasing an additional 69,801 shares during the period. Finally, Parametrica Management Ltd lifted its stake in ATRenew by 260.0% during the third quarter. Parametrica Management Ltd now owns 544,946 shares of the company’s stock worth $2,507,000 after purchasing an additional 393,566 shares during the period. Institutional investors own 19.29% of the company’s stock.

ATRenew Price Performance

Shares of NYSE:RERE opened at $4.65 on Friday. The company’s 50-day moving average price is $4.72 and its two-hundred day moving average price is $5.14. ATRenew Inc. Sponsored ADR has a one year low of $2.41 and a one year high of $6.47. The stock has a market capitalization of $1.02 billion, a PE ratio of 18.58 and a beta of 0.25.

ATRenew (NYSE:RERE) last issued its quarterly earnings results on Tuesday, May 19th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. ATRenew had a net margin of 1.90% and a return on equity of 11.48%. The firm had revenue of $893.46 million for the quarter, compared to analysts’ expectations of $856.02 million. On average, analysts anticipate that ATRenew Inc. Sponsored ADR will post 0.39 earnings per share for the current fiscal year.

ATRenew Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 6th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, April 6th. ATRenew’s payout ratio is 40.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of ATRenew from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 22nd. Weiss Ratings cut shares of ATRenew from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

ATRenew Profile

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.