MINISO Group Holding Limited (NYSE:MNSO) Stock Position Lifted by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its stake in shares of MINISO Group Holding Limited (NYSE:MNSO) by 96.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,196 shares of the company’s stock after purchasing an additional 43,782 shares during the period. GSA Capital Partners LLP’s holdings in MINISO Group were worth $1,829,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avalon Trust Co acquired a new stake in MINISO Group in the fourth quarter valued at approximately $26,000. PNC Financial Services Group Inc. lifted its stake in shares of MINISO Group by 95.3% in the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock worth $26,000 after buying an additional 492 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of MINISO Group in the fourth quarter worth $206,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of MINISO Group in the fourth quarter worth $231,000. Finally, Jump Financial LLC acquired a new stake in shares of MINISO Group in the fourth quarter worth $231,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

MINISO Group Price Performance

NYSE MNSO traded up $0.66 on Wednesday, hitting $19.20. 354,044 shares of the company were exchanged, compared to its average volume of 1,486,440. The firm has a 50 day moving average of $21.80 and a two-hundred day moving average of $20.49. The company has a market cap of $6.07 billion, a P/E ratio of 18.13, a P/E/G ratio of 0.65 and a beta of 0.17. The company has a current ratio of 2.18, a quick ratio of 1.80 and a debt-to-equity ratio of 0.10. MINISO Group Holding Limited has a 1-year low of $15.71 and a 1-year high of $29.92.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 16.23% and a return on equity of 26.19%. The business had revenue of $515.70 million for the quarter. During the same quarter last year, the company earned $0.22 EPS. On average, equities analysts predict that MINISO Group Holding Limited will post 1.24 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. initiated 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 for the company.

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.