Healthcare of Ontario Pension Plan Trust Fund Has $3.06 Million Stake in ATRenew Inc. Sponsored ADR $RERE

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of ATRenew Inc. Sponsored ADR (NYSE:RERE) by 55.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 652,400 shares of the company’s stock after selling 813,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ATRenew were worth $3,060,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN acquired a new stake in shares of ATRenew in the fourth quarter valued at about $30,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of ATRenew by 10,014.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,473 shares of the company’s stock worth $34,000 after acquiring an additional 6,409 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of ATRenew in the third quarter worth approximately $49,000. Hsbc Holdings PLC bought a new stake in ATRenew in the fourth quarter valued at approximately $67,000. Finally, Van ECK Associates Corp acquired a new stake in ATRenew during the 3rd quarter valued at approximately $83,000. 19.29% of the stock is owned by institutional investors and hedge funds.

ATRenew Price Performance

Shares of ATRenew stock opened at $4.17 on Friday. ATRenew Inc. Sponsored ADR has a one year low of $3.07 and a one year high of $6.47. The stock’s 50-day moving average is $4.10 and its 200 day moving average is $4.85. The firm has a market cap of $916.00 million, a price-to-earnings ratio of 16.70 and a beta of 0.29.

ATRenew (NYSE:RERE) last issued its earnings results on Friday, May 15th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. ATRenew had a return on equity of 11.48% and a net margin of 1.90%.The business had revenue of $893.46 million during the quarter, compared to the consensus estimate of $856.01 million. On average, sell-side analysts expect that ATRenew Inc. Sponsored ADR will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RERE has been the subject of several analyst reports. Weiss Ratings lowered shares of ATRenew from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. UBS Group began coverage on shares of ATRenew in a research note on Tuesday, July 21st. They issued a “buy” rating and a $5.50 price objective on the stock. Finally, Wall Street Zen downgraded shares of ATRenew from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5.50.

ATRenew Company 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.