Handelsinvest Investeringsforvaltning Lowers Holdings in MINISO Group Holding Limited (NYSE:MNSO)

Handelsinvest Investeringsforvaltning trimmed its holdings in MINISO Group Holding Limited (NYSE:MNSO) by 32.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,640 shares of the company’s stock after selling 3,681 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in MINISO Group were worth $157,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in MINISO Group by 95.3% in the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after purchasing an additional 492 shares during the last quarter. Avalon Trust Co purchased a new stake in shares of MINISO Group during the 4th quarter worth about $26,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of MINISO Group by 6.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 45,020 shares of the company’s stock worth $918,000 after acquiring an additional 2,731 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of MINISO Group by 19.9% during the 4th quarter. SG Americas Securities LLC now owns 28,632 shares of the company’s stock worth $584,000 after acquiring an additional 4,745 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in shares of MINISO Group by 3.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 149,900 shares of the company’s stock worth $3,880,000 after acquiring an additional 5,100 shares in the last quarter. 17.16% of the stock is owned by hedge funds and other institutional investors.

MINISO Group Trading Up 1.7 %

MNSO stock opened at $18.82 on Thursday. The company’s 50-day simple moving average is $22.16 and its 200-day simple moving average is $20.52. The company has a quick ratio of 1.80, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. MINISO Group Holding Limited has a 52-week low of $15.71 and a 52-week high of $29.92. The firm has a market cap of $5.95 billion, a P/E ratio of 17.75, a PEG ratio of 0.67 and a beta of 0.17.

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 firm had revenue of $515.70 million during the quarter. During the same quarter last year, the company earned $0.22 EPS. As a group, equities analysts forecast that MINISO Group Holding Limited will post 1.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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 on the stock.

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.