MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Shares Bought by AI Squared Management Ltd

Key Points

• AI Squared Management Ltd increased its stake in MINISO Group by 63.4% in Q1, now owning 103,945 shares valued at approximately $1.92 million.
• MINISO Group is currently rated as a Moderate Buy by analysts, with a consensus target price of $24.53.
• Despite a significant revenue of $609.87 million for the quarter, MINISO Group reported missed earnings expectations, posting just $0.19 EPS against an estimated $2.04.

AI Squared Management Ltd raised its position in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) by 63.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 103,945 shares of the company's stock after acquiring an additional 40,328 shares during the period. MINISO Group makes up 1.8% of AI Squared Management Ltd's investment portfolio, making the stock its 12th largest holding. AI Squared Management Ltd's holdings in MINISO Group were worth $1,922,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC acquired a new stake in shares of MINISO Group in the 4th quarter worth $36,000. Banque Cantonale Vaudoise acquired a new stake in shares of MINISO Group in the first quarter valued at about $74,000. Orion Portfolio Solutions LLC acquired a new stake in shares of MINISO Group in the fourth quarter valued at about $202,000. QRG Capital Management Inc. acquired a new stake in shares of MINISO Group in the first quarter valued at about $216,000. Finally, Qtron Investments LLC acquired a new stake in shares of MINISO Group in the fourth quarter valued at about $224,000. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Price Performance

Shares of NYSE MNSO traded down $0.24 during midday trading on Friday, hitting $20.16. The company had a trading volume of 249,319 shares, compared to its average volume of 667,590. The company has a quick ratio of 1.54, a current ratio of 1.99 and a debt-to-equity ratio of 0.73. MINISO Group Holding Limited Unsponsored ADR has a twelve month low of $12.51 and a twelve month high of $27.71. The business has a 50-day simple moving average of $18.31 and a two-hundred day simple moving average of $19.13. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.20 and a beta of 0.16.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its earnings results on Friday, May 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.04 by ($1.85). The business had revenue of $609.87 million for the quarter, compared to analyst estimates of $4.35 billion. MINISO Group had a return on equity of 24.23% and a net margin of 13.85%. Equities research analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $20.00 price objective on shares of MINISO Group in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.53.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.