B. Riley Wealth Advisors Inc. cut its stake in MINISO Group Holding Limited (NYSE:MNSO – Free Report) by 22.8% in the fourth quarter, HoldingsChannel reports. The firm owned 10,089 shares of the company’s stock after selling 2,982 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in MINISO Group were worth $206,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in MINISO Group by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company’s stock worth $90,393,000 after buying an additional 49,492 shares during the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its holdings in MINISO Group by 45.1% during the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock worth $83,507,000 after buying an additional 1,002,600 shares during the last quarter. Axiom Investors LLC DE lifted its holdings in MINISO Group by 111.7% during the 4th quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock worth $33,582,000 after buying an additional 868,599 shares during the last quarter. Norges Bank purchased a new stake in MINISO Group during the 4th quarter worth about $31,510,000. Finally, Victory Capital Management Inc. lifted its holdings in MINISO Group by 24.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,193,474 shares of the company’s stock worth $24,347,000 after buying an additional 230,769 shares during the last quarter. 17.16% of the stock is currently owned by hedge funds and other institutional investors.
MINISO Group Stock Up 0.2 %
MNSO opened at $19.09 on Friday. The business’s 50-day simple moving average is $22.35 and its 200-day simple moving average is $20.51. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.80 and a current ratio of 2.18. MINISO Group Holding Limited has a one year low of $15.71 and a one year high of $29.92. The stock has a market capitalization of $6.03 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 0.70 and a beta of 0.21.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. initiated coverage on MINISO Group in a research report on Tuesday, April 30th. They set an “overweight” rating and a $30.00 target price on the stock.
Read Our Latest Research Report on MNSO
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.
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