Infini Capital Management Ltd Takes $289,000 Position in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO)

Infini Capital Management Ltd bought a new stake in shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,650 shares of the company's stock, valued at approximately $289,000. MINISO Group comprises 0.3% of Infini Capital Management Ltd's investment portfolio, making the stock its 12th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in MINISO Group during the fourth quarter valued at about $31,000. Barclays PLC purchased a new stake in shares of MINISO Group in the fourth quarter worth approximately $36,000. EverSource Wealth Advisors LLC lifted its position in shares of MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after purchasing an additional 734 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of MINISO Group in the fourth quarter worth approximately $202,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of MINISO Group in the first quarter worth approximately $216,000. Institutional investors and hedge funds own 17.16% of the company's stock.

Analyst Ratings Changes

MNSO has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded MINISO Group from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $15.00 to $22.00 in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $20.00 price objective on shares of MINISO Group in a report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, MINISO Group currently has an average rating of "Moderate Buy" and a consensus target price of $24.53.

MINISO Group Price Performance

Shares of MINISO Group stock traded down $0.07 during trading on Thursday, reaching $18.09. The company's stock had a trading volume of 551,097 shares, compared to its average volume of 1,685,395. The stock has a 50-day moving average price of $18.50 and a two-hundred day moving average price of $19.98. The company has a current ratio of 1.99, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. MINISO Group Holding Limited Unsponsored ADR has a one year low of $12.51 and a one year high of $27.71. The stock has a market capitalization of $5.66 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.08 and a beta of 0.16.

MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly 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). MINISO Group had a net margin of 13.85% and a return on equity of 24.23%. The business had revenue of $609.87 million during the quarter, compared to the consensus estimate of $4.35 billion. As a group, sell-side analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.19 EPS for the current fiscal 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.