UBS Group AG Has $6.24 Million Position in ATRenew Inc. Sponsored ADR $RERE

UBS Group AG lowered its stake in shares of ATRenew Inc. Sponsored ADR (NYSE:RERE) by 40.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,177,644 shares of the company’s stock after selling 810,989 shares during the period. UBS Group AG’s holdings in ATRenew were worth $6,242,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brevan Howard Capital Management LP acquired a new position in shares of ATRenew during the third quarter valued at about $49,000. Van ECK Associates Corp acquired a new position in ATRenew in the third quarter worth about $83,000. Schonfeld Strategic Advisors LLC acquired a new position in ATRenew in the third quarter worth about $91,000. Prelude Capital Management LLC acquired a new position in ATRenew in the third quarter worth about $113,000. Finally, Squarepoint Ops LLC acquired a new position in ATRenew in the third quarter worth about $138,000. Institutional investors and hedge funds own 19.29% of the company’s stock.

ATRenew Stock Up 11.2%

NYSE:RERE opened at $5.00 on Wednesday. ATRenew Inc. Sponsored ADR has a 12-month low of $2.41 and a 12-month high of $6.47. The firm has a market capitalization of $1.10 billion, a PE ratio of 25.02 and a beta of 0.25. The firm has a 50-day moving average price of $4.84 and a 200 day moving average price of $5.10.

ATRenew (NYSE:RERE) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $893.92 million during the quarter. ATRenew had a net margin of 1.60% and a return on equity of 9.87%. On average, research analysts expect that ATRenew Inc. Sponsored ADR will post 0.39 EPS for the current year.

ATRenew Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 6th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, April 6th. ATRenew’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

RERE has been the subject of several recent research reports. Wall Street Zen raised shares of ATRenew from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 22nd. Weiss Ratings lowered shares of ATRenew from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, ATRenew 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.