Van ECK Associates Corp Sells 142,819 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Van ECK Associates Corp reduced its position in shares of MINISO Group Holding Limited (NYSE:MNSO) by 37.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 240,774 shares of the company’s stock after selling 142,819 shares during the quarter. Van ECK Associates Corp owned 0.08% of MINISO Group worth $5,752,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MNSO. FMR LLC lifted its holdings 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 purchasing an additional 2,884 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in MINISO Group during the third quarter valued at approximately $78,000. Blue Trust Inc. lifted its holdings in MINISO Group by 167.0% during the third quarter. Blue Trust Inc. now owns 5,210 shares of the company’s stock valued at $99,000 after purchasing an additional 3,259 shares in the last quarter. SG Americas Securities LLC purchased a new position in MINISO Group during the fourth quarter valued at approximately $163,000. Finally, Quantinno Capital Management LP purchased a new position in MINISO Group during the third quarter valued at approximately $191,000. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Trading Down 0.3 %

MINISO Group stock opened at $22.55 on Tuesday. The stock has a market cap of $7.05 billion, a P/E ratio of 20.32, a PEG ratio of 0.81 and a beta of 0.07. 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 Holding Limited has a 1 year low of $12.51 and a 1 year high of $27.71. The firm’s 50 day moving average price is $23.68 and its 200-day moving average price is $19.67.

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