Victory Capital Management Inc. trimmed its holdings in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) by 94.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,791 shares of the company's stock after selling 203,212 shares during the period. Victory Capital Management Inc.'s holdings in MINISO Group were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MNSO. Infini Capital Management Ltd acquired a new position in shares of MINISO Group during the first quarter valued at about $289,000. Norges Bank bought a new stake in MINISO Group in the 4th quarter worth about $2,839,000. The Manufacturers Life Insurance Company grew its position in MINISO Group by 54.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 215,206 shares of the company's stock worth $5,141,000 after purchasing an additional 75,697 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of MINISO Group by 78.0% during the 4th quarter. Hsbc Holdings PLC now owns 181,328 shares of the company's stock valued at $4,342,000 after acquiring an additional 79,455 shares during the period. Finally, Caption Management LLC bought a new position in shares of MINISO Group during the 4th quarter valued at approximately $516,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.
MINISO Group Stock Performance
Shares of MINISO Group stock traded up $0.72 during trading on Thursday, hitting $20.43. 329,160 shares of the company's stock were exchanged, compared to its average volume of 1,135,355. MINISO Group Holding Limited Unsponsored ADR has a 52-week low of $12.51 and a 52-week high of $27.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 1.99. The business has a 50-day simple moving average of $18.19 and a 200-day simple moving average of $19.18. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.15 and a beta of 0.16.
MINISO Group (NYSE:MNSO - Get Free Report) last posted its earnings results on Friday, May 23rd. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($1.85). The firm had revenue of $609.87 million during the quarter, compared to analyst estimates of $4.35 billion. MINISO Group had a net margin of 13.85% and a return on equity of 24.23%. On average, research analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.19 EPS for the current year.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft reaffirmed 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 given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $24.53.
Get Our Latest Stock Report on MNSO
MINISO Group Company Profile
(
Free Report)
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.
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