Fideuram Asset Management Ireland dac Makes New $4.76 Million Investment in ATRenew Inc. Sponsored ADR $RERE

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

Several other hedge funds have also recently bought and sold shares of RERE. Brevan Howard Capital Management LP acquired a new position in ATRenew during the third quarter worth $49,000. Van ECK Associates Corp acquired a new position in ATRenew during the third quarter worth $83,000. Schonfeld Strategic Advisors LLC acquired a new position in ATRenew during the third quarter worth $91,000. Central Asset Investments & Management Holdings HK Ltd acquired a new position in ATRenew during the fourth quarter worth $101,000. Finally, Prelude Capital Management LLC acquired a new stake in shares of ATRenew in the third quarter valued at about $113,000. 19.29% of the stock is owned by institutional investors and hedge funds.

ATRenew Stock Performance

NYSE RERE opened at $4.65 on Friday. The firm has a 50-day simple moving average of $4.72 and a 200 day simple moving average of $5.14. ATRenew Inc. Sponsored ADR has a twelve month low of $2.41 and a twelve month high of $6.47. The stock has a market cap of $1.02 billion, a PE ratio of 18.58 and a beta of 0.25.

ATRenew (NYSE:RERE) last released its earnings results on Tuesday, May 19th. The company reported $0.08 earnings per share for the quarter, beating 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 business had revenue of $893.46 million during the quarter, compared to analysts’ expectations of $856.02 million. Research analysts forecast that ATRenew Inc. Sponsored ADR will post 0.39 earnings per share for the current fiscal year.

ATRenew Announces Dividend

The business also recently announced a dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 6th were paid a $0.10 dividend. The ex-dividend date was Monday, April 6th. ATRenew’s dividend payout ratio (DPR) is presently 40.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised ATRenew from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 22nd. Weiss Ratings downgraded ATRenew from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.