Serenity Capital Management PTE. LTD. Makes New Investment in MINISO Group Holding Limited Unsponsored ADR $MNSO

Key Points

• Serenity Capital Management PTE. LTD. has acquired 463,450 shares of MINISO Group Holding Limited, valued at approximately $8.57 million, making it the firm's 5th largest holding.
• Shares of MINISO Group are currently trading at $24.51, having a market capitalization of $7.61 billion and a twelve-month stock range of $12.51 to $27.71.
• The company reported earnings of $0.22 per share for the last quarter, significantly missing the consensus estimate, along with announcing a cut in dividend payout.

Serenity Capital Management PTE. LTD. bought a new position in shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 463,450 shares of the company's stock, valued at approximately $8,569,000. MINISO Group accounts for about 5.1% of Serenity Capital Management PTE. LTD.'s investment portfolio, making the stock its 5th biggest position. Serenity Capital Management PTE. LTD. owned 0.15% of MINISO Group at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Infini Capital Management Ltd acquired a new position in shares of MINISO Group during the first quarter worth approximately $289,000. OLD Mission Capital LLC acquired a new position in shares of MINISO Group during the first quarter worth approximately $952,000. Mackenzie Financial Corp raised its position in shares of MINISO Group by 8.0% during the first quarter. Mackenzie Financial Corp now owns 192,620 shares of the company's stock worth $3,562,000 after purchasing an additional 14,278 shares during the period. AI Squared Management Ltd raised its position in shares of MINISO Group by 63.4% during the first quarter. AI Squared Management Ltd now owns 103,945 shares of the company's stock worth $1,922,000 after purchasing an additional 40,328 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in MINISO Group in the 4th quarter valued at $1,514,000. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Stock Performance

Shares of MNSO stock traded down $0.57 on Friday, hitting $24.73. 903,162 shares of the stock were exchanged, compared to its average volume of 1,393,246. The company has a current ratio of 1.92, a quick ratio of 1.50 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $7.68 billion, a PE ratio of 23.11, a P/E/G ratio of 1.61 and a beta of 0.18. MINISO Group Holding Limited Unsponsored ADR has a one year low of $12.51 and a one year high of $27.71. The firm's 50 day moving average is $21.06 and its two-hundred day moving average is $19.30.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($1.52). The firm had revenue of $692.93 million for the quarter, compared to the consensus estimate of $4.85 billion. MINISO Group had a return on equity of 22.60% and a net margin of 12.63%. Sell-side analysts expect that MINISO Group Holding Limited Unsponsored ADR will post 1.19 earnings per share for the current fiscal year.

MINISO Group Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.2896 per share. The ex-dividend date is Friday, September 5th. This represents a dividend yield of 236.0%. MINISO Group's dividend payout ratio is presently 51.40%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America raised MINISO Group from an "underperform" rating to a "neutral" rating in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $20.00 price target on shares of MINISO Group in a research report on Tuesday, May 27th. Dbs Bank raised MINISO Group to a "moderate buy" rating in a research report on Friday, August 22nd. Finally, Jefferies Financial Group raised MINISO Group from a "hold" rating to a "buy" rating and increased their price target for the company from $18.50 to $26.20 in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $24.86.

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.