Marshall Wace LLP Reduces Position in MINISO Group Holding Limited (NYSE:MNSO)

Marshall Wace LLP cut its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 94.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,412 shares of the company's stock after selling 1,188,538 shares during the quarter. Marshall Wace LLP's holdings in MINISO Group were worth $1,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after acquiring an additional 734 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of MINISO Group by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 66,540 shares of the company's stock worth $1,167,000 after purchasing an additional 1,027 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of MINISO Group in the 4th quarter worth approximately $31,000. Barclays PLC purchased a new stake in shares of MINISO Group in the 4th quarter worth approximately $36,000. Finally, Blue Trust Inc. increased its position in MINISO Group by 66.5% during the 4th quarter. Blue Trust Inc. now owns 8,674 shares of the company's stock valued at $207,000 after buying an additional 3,464 shares in the last quarter. 17.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. HSBC started coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and upped their target price 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, one has issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.03.

MINISO Group Stock Performance

Shares of NYSE MNSO traded up $0.48 during trading on Wednesday, reaching $18.08. 768,747 shares of the company traded hands, compared to its average volume of 1,711,503. The firm has a 50 day simple moving average of $18.36 and a 200-day simple moving average of $20.46. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $27.71. The stock has a market capitalization of $5.66 billion, a PE ratio of 16.29, a P/E/G ratio of 0.80 and a beta of 0.18. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The company had revenue of $646.49 million during the quarter, compared to analysts' expectations of $4.82 billion. Equities research analysts anticipate that MINISO Group Holding Limited will post 1.19 earnings per share for the current year.

MINISO Group Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.3268 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, April 8th. MINISO Group's payout ratio is 53.39%.

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.