14,545 Shares in MINISO Group Holding Limited (NYSE:MNSO) Purchased by Centiva Capital LP

Centiva Capital LP acquired a new stake in shares of MINISO Group Holding Limited (NYSE:MNSO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 14,545 shares of the company’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its position in MINISO Group by 3.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company’s stock valued at $378,000 after acquiring an additional 690 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of MINISO Group by 9.1% during the second 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 during the last quarter. XTX Topco Ltd boosted its position in shares of MINISO Group by 10.6% in the 2nd quarter. XTX Topco Ltd now owns 13,861 shares of the company’s stock worth $264,000 after purchasing an additional 1,326 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MINISO Group in the 2nd quarter worth approximately $26,000. Finally, Blue Trust Inc. increased its position in MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after buying an additional 1,890 shares in the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Performance

Shares of MNSO opened at $23.47 on Thursday. The firm has a market capitalization of $7.38 billion, a P/E ratio of 21.14, a PEG ratio of 1.05 and a beta of 0.14. 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 one year low of $12.51 and a one year high of $25.50. The business has a fifty day moving average of $19.15 and a 200 day moving average of $18.29.

Wall Street Analysts Forecast Growth

MNSO has been the topic of a number of recent research reports. Dbs Bank raised MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Citigroup assumed coverage on shares of MINISO Group in a research report on Friday, October 4th. They set a “buy” rating and a $26.80 price target for the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 price target (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Finally, Bank of America cut MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.90.

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.