Paloma Partners Management Co Purchases Shares of 14,993 MINISO Group Holding Limited (NYSE:MNSO)

Paloma Partners Management Co purchased a new stake in MINISO Group Holding Limited (NYSE:MNSO) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 14,993 shares of the company’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Avalon Trust Co acquired a new stake in MINISO Group in the 4th quarter valued at $26,000. Janney Montgomery Scott LLC increased its stake in shares of MINISO Group by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock worth $887,000 after purchasing an additional 2,301 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased 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 purchasing an additional 2,731 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of MINISO Group during the 1st quarter worth about $93,000. Finally, SG Americas Securities LLC increased 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 purchasing an additional 4,745 shares during the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Stock Performance

MNSO traded down $0.35 on Tuesday, reaching $16.07. The company had a trading volume of 155,516 shares, compared to its average volume of 1,441,734. MINISO Group Holding Limited has a fifty-two week low of $15.71 and a fifty-two week high of $29.92. The stock has a market cap of $5.08 billion, a P/E ratio of 15.49, a P/E/G ratio of 0.62 and a beta of 0.18. The company’s fifty day moving average is $20.02 and its 200 day moving average is $20.20. 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 (NYSE:MNSO) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.26 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 posted $0.22 EPS. As a group, analysts predict that MINISO Group Holding Limited will post 1.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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 price objective on the stock.

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.