MINISO Group Holding Limited Unsponsored ADR $MNSO is Serenity Capital Management PTE. LTD.’s 3rd Largest Position

Serenity Capital Management PTE. LTD. raised its position in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) by 149.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,157,662 shares of the company’s stock after purchasing an additional 694,212 shares during the quarter. MINISO Group accounts for approximately 8.9% of Serenity Capital Management PTE. LTD.’s holdings, making the stock its 3rd biggest holding. Serenity Capital Management PTE. LTD.’s holdings in MINISO Group were worth $21,093,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Linden Advisors LP bought a new position in shares of MINISO Group during the first quarter valued at approximately $1,566,000. OLD Mission Capital LLC purchased a new position in MINISO Group during the 1st quarter valued at $952,000. Quadrant Capital Group LLC grew its position in MINISO Group by 12,244.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 41,972 shares of the company’s stock valued at $765,000 after acquiring an additional 41,632 shares during the last quarter. AI Squared Management Ltd grew its position in MINISO Group by 63.4% in the 1st quarter. AI Squared Management Ltd now owns 103,945 shares of the company’s stock valued at $1,922,000 after acquiring an additional 40,328 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in MINISO Group in the second quarter worth $522,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MNSO. Jefferies Financial Group raised shares of MINISO Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $18.50 to $26.20 in a research note on Friday, August 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of MINISO Group in a research report on Tuesday, November 25th. They issued a “buy” rating and a $23.00 price objective for the company. Dbs Bank upgraded shares of MINISO Group to a “moderate buy” rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MINISO Group in a research note on Friday, November 28th. Finally, Bank of America upgraded MINISO Group from an “underperform” rating to a “neutral” rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.13.

MINISO Group Stock Performance

Shares of MNSO stock opened at $19.20 on Friday. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.23 and a beta of 0.15. MINISO Group Holding Limited Unsponsored ADR has a 52-week low of $13.94 and a 52-week high of $27.71. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $21.26 and its 200 day moving average is $20.64.

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.