MINISO Group Holding Limited (NYSE:MNSO) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC trimmed its stake in shares of MINISO Group Holding Limited (NYSE:MNSO) by 37.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,498 shares of the company’s stock after selling 8,825 shares during the period. Atlas Capital Advisors LLC’s holdings in MINISO Group were worth $297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in shares of MINISO Group by 95.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after acquiring an additional 492 shares during the period. Avalon Trust Co purchased a new position in MINISO Group during the 4th quarter valued at about $26,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of MINISO Group in the fourth quarter worth approximately $206,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of MINISO Group during the fourth quarter worth approximately $231,000. Finally, Jump Financial LLC purchased a new position in MINISO Group during the fourth quarter valued at approximately $231,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. assumed coverage on shares of MINISO Group in a research note on Tuesday, April 30th. They set an “overweight” rating and a $30.00 target price for the company.

MINISO Group Price Performance

Shares of MNSO opened at $19.06 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.80 and a current ratio of 2.18. The firm has a market cap of $6.02 billion, a PE ratio of 17.98, a PEG ratio of 0.70 and a beta of 0.21. MINISO Group Holding Limited has a twelve month low of $15.71 and a twelve month high of $29.92. The firm’s 50 day moving average price is $22.38 and its 200 day moving average price is $20.51.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.26 earnings per share for the quarter. MINISO Group had a net margin of 16.23% and a return on equity of 26.19%. The business had revenue of $515.70 million for the quarter. During the same quarter in the prior year, the business posted $0.22 EPS. As a group, research analysts expect that MINISO Group Holding Limited will post 1.24 EPS for the current fiscal year.

MINISO Group 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.