Infini Capital Management Ltd Makes New Investment in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO)

Infini Capital Management Ltd purchased a new stake in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 15,650 shares of the company's stock, valued at approximately $289,000. MINISO Group comprises 0.3% of Infini Capital Management Ltd's portfolio, making the stock its 12th biggest position.

A number of other institutional investors have also made changes to their positions in the company. KEYWISE CAPITAL MANAGEMENT HK Ltd grew its stake in MINISO Group by 76.6% during the 4th quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock worth $219,835,000 after buying an additional 3,992,300 shares during the last quarter. HCEP Management Ltd acquired a new position in MINISO Group during the 4th quarter worth $40,613,000. BNP Paribas Financial Markets acquired a new position in MINISO Group during the 4th quarter worth $3,780,000. MY.Alpha Management HK Advisors Ltd boosted its position in MINISO Group by 37.5% during the 4th quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company's stock worth $13,258,000 after acquiring an additional 151,364 shares during the period. Finally, Tairen Capital Ltd boosted its position in MINISO Group by 211.7% during the 4th quarter. Tairen Capital Ltd now owns 218,170 shares of the company's stock worth $5,212,000 after acquiring an additional 148,170 shares during the period. 17.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MNSO has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $20.00 target price on shares of MINISO Group in a research note on Tuesday, May 27th. JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.53.

MINISO Group Price Performance

Shares of NYSE MNSO traded up $0.51 during midday trading on Monday, reaching $18.54. The company's stock had a trading volume of 743,521 shares, compared to its average volume of 1,697,195. MINISO Group Holding Limited Unsponsored ADR has a one year low of $12.51 and a one year high of $27.71. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.06 and a beta of 0.16. The company has a current ratio of 1.99, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average price of $18.46 and a 200 day moving average price of $20.04.

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

MINISO Group Company Profile

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.