MINISO Group Holding Limited (NYSE:MNSO) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its position in shares of MINISO Group Holding Limited (NYSE:MNSO) by 36.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,372 shares of the company’s stock after selling 13,109 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in MINISO Group were worth $534,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after buying an additional 2,884 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of MINISO Group during the third quarter valued at approximately $78,000. SG Americas Securities LLC bought a new position in shares of MINISO Group during the fourth quarter valued at approximately $163,000. Blue Trust Inc. grew its holdings in shares of MINISO Group by 66.5% during the fourth quarter. Blue Trust Inc. now owns 8,674 shares of the company’s stock valued at $207,000 after purchasing an additional 3,464 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of MINISO Group during the third quarter valued at approximately $191,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MNSO shares. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a report on Wednesday. HSBC started coverage on MINISO Group in a report on Wednesday. They set a “buy” rating and a $29.30 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, MINISO Group has an average rating of “Moderate Buy” and a consensus price target of $23.70.

MINISO Group Stock Performance

Shares of MNSO stock opened at $20.80 on Friday. MINISO Group Holding Limited has a 12-month low of $12.51 and a 12-month high of $27.71. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 0.80 and a beta of 0.07. The business has a 50 day simple moving average of $23.16 and a 200 day simple moving average of $19.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Friday, November 29th. The company reported $0.30 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, equities research analysts anticipate that MINISO Group Holding Limited will post 1.19 EPS for the current 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.