MINISO Group Holding Limited (NYSE:MNSO) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO) by 95.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,182 shares of the company’s stock after selling 457,779 shares during the period. JPMorgan Chase & Co.’s holdings in MINISO Group were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MNSO. Cubist Systematic Strategies LLC raised its position in shares of MINISO Group by 9.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock valued at $215,000 after purchasing an additional 942 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of MINISO Group in the 2nd quarter worth $1,037,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of MINISO Group during the second quarter worth $26,000. Mackenzie Financial Corp grew its position in MINISO Group by 4.4% during the 2nd quarter. Mackenzie Financial Corp now owns 193,291 shares of the company’s stock worth $3,686,000 after purchasing an additional 8,156 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in MINISO Group by 5.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 379,100 shares of the company’s stock valued at $7,229,000 after acquiring an additional 19,000 shares in the last quarter. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup initiated coverage on shares of MINISO Group in a research report on Friday, October 4th. They set a “buy” rating and a $26.80 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MINISO Group currently has a consensus rating of “Hold” and a consensus price target of $20.90.

MINISO Group Stock Down 1.2 %

MNSO stock opened at $22.98 on Thursday. The stock has a market capitalization of $7.18 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 0.82 and a beta of 0.08. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $23.13 and a 200-day moving average price of $19.12. MINISO Group Holding Limited has a 12 month low of $12.51 and a 12 month high of $27.71.

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