Victory Capital Management Inc. lowered its stake in MINISO Group Holding Limited (NYSE:MNSO – Free Report) by 23.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 215,003 shares of the company’s stock after selling 65,350 shares during the quarter. Victory Capital Management Inc. owned 0.07% of MINISO Group worth $5,136,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LMR Partners LLP purchased a new position in shares of MINISO Group during the third quarter valued at approximately $11,384,000. Nordea Investment Management AB grew its stake in MINISO Group by 14.9% in the fourth quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock worth $8,020,000 after purchasing an additional 43,151 shares during the period. Erste Asset Management GmbH purchased a new stake in MINISO Group in the third quarter worth $685,000. Citigroup Inc. grew its stake in MINISO Group by 553.7% in the third quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock worth $6,846,000 after purchasing an additional 330,579 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in MINISO Group in the fourth quarter worth $163,000. Institutional investors own 17.16% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on MNSO shares. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. HSBC started coverage on MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.70.
MINISO Group Trading Up 4.9 %
MINISO Group stock opened at $20.70 on Friday. 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 business’s fifty day simple moving average is $22.22 and its two-hundred day simple moving average is $20.30. MINISO Group Holding Limited has a 12 month low of $12.51 and a 12 month high of $27.71. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10.
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.
See Also
- Five stocks we like better than MINISO Group
- How Can Investors Benefit From After-Hours Trading
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- Most Volatile Stocks, What Investors Need to Know
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- The Risks of Owning Bonds
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for MINISO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MINISO Group and related companies with MarketBeat.com's FREE daily email newsletter.
