MY.Alpha Management HK Advisors Ltd Has $13.26 Million Stock Holdings in MINISO Group Holding Limited (NYSE:MNSO)

MY.Alpha Management HK Advisors Ltd increased its stake in shares of MINISO Group Holding Limited (NYSE:MNSO) by 37.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 554,964 shares of the company’s stock after buying an additional 151,364 shares during the quarter. MINISO Group accounts for 5.9% of MY.Alpha Management HK Advisors Ltd’s investment portfolio, making the stock its 9th largest holding. MY.Alpha Management HK Advisors Ltd owned 0.18% of MINISO Group worth $13,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of MINISO Group during the 4th quarter worth $31,000. Barclays PLC bought a new stake in MINISO Group in the fourth quarter worth about $36,000. EverSource Wealth Advisors LLC boosted its stake in MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after acquiring 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 bought a new position in shares of MINISO Group during the 4th quarter valued at approximately $202,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

MINISO Group Stock Down 3.9%

Shares of NYSE:MNSO opened at $19.83 on Wednesday. The firm has a market capitalization of $6.20 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $27.71. The firm has a fifty day moving average of $18.08 and a 200 day moving average of $20.58.

MINISO Group (NYSE:MNSO) last announced 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). The firm had revenue of $646.49 million for the quarter, compared to the consensus estimate of $4.82 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. As a group, research analysts anticipate that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The firm also recently declared 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 dividend yield of 1.4%. The ex-dividend date was Tuesday, April 8th. MINISO Group’s dividend payout ratio (DPR) is presently 53.39%.

About MINISO Group

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.