UBS Group AG Sells 810,989 Shares of ATRenew Inc. Sponsored ADR $RERE

UBS Group AG cut its holdings in ATRenew Inc. Sponsored ADR (NYSE:RERE) by 40.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brevan Howard Capital Management LP bought a new stake in ATRenew during the third quarter valued at about $49,000. Van ECK Associates Corp bought a new stake in ATRenew during the third quarter valued at about $83,000. Schonfeld Strategic Advisors LLC bought a new stake in ATRenew during the third quarter valued at about $91,000. Prelude Capital Management LLC bought a new stake in ATRenew during the third quarter valued at about $113,000. Finally, Caxton Associates LLP bought a new stake in ATRenew during the first quarter valued at about $114,000. 19.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

ATRenew Price Performance

RERE stock opened at $5.00 on Wednesday. The company has a 50-day moving average of $4.84 and a two-hundred day moving average of $5.10. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.02 and a beta of 0.25. ATRenew Inc. Sponsored ADR has a 52-week low of $2.41 and a 52-week high of $6.47.

ATRenew (NYSE:RERE) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.12 EPS for the quarter. The business 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%. Equities analysts expect that ATRenew Inc. Sponsored ADR will post 0.39 EPS for the current fiscal year.

ATRenew Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, April 24th. Stockholders 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 dividend payout ratio is currently 50.00%.

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.