Marshall Wace LLP Sells 1,188,538 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Marshall Wace LLP cut its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 94.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,412 shares of the company's stock after selling 1,188,538 shares during the period. Marshall Wace LLP's holdings in MINISO Group were worth $1,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in MINISO Group in the 4th quarter valued at $31,000. Barclays PLC purchased a new stake in MINISO Group during the fourth quarter worth about $36,000. EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 734 shares during the last quarter. SG Americas Securities LLC purchased a new position in MINISO Group in the fourth quarter valued at about $163,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of MINISO Group during the 4th quarter worth approximately $202,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MNSO shares. HSBC assumed coverage on MINISO Group in a report on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective for the company. JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. Finally, Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.03.

MINISO Group Price Performance

Shares of MNSO stock traded down $0.18 during trading on Friday, hitting $18.02. The company had a trading volume of 341,542 shares, compared to its average volume of 1,227,743. 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 $5.64 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth 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. The stock's 50-day moving average is $18.30 and its two-hundred day moving average is $20.44.

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

MINISO Group Announces Dividend

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