Paloma Partners Management Co acquired a new position in MINISO Group Holding Limited (NYSE:MNSO – Free Report) in the first quarter, Holdings Channel.com reports. The firm acquired 14,993 shares of the company’s stock, valued at approximately $307,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avalon Trust Co bought a new stake in shares of MINISO Group in the 4th quarter valued at about $26,000. Headlands Technologies LLC bought a new position in MINISO Group during the 1st quarter valued at approximately $93,000. Patriot Financial Group Insurance Agency LLC bought a new position in MINISO Group during the 4th quarter valued at approximately $206,000. Jump Financial LLC bought a new position in MINISO Group during the 4th quarter valued at approximately $231,000. Finally, Fortis Group Advisors LLC bought a new position in MINISO Group during the 1st quarter valued at approximately $249,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. began coverage on MINISO Group in a research report on Tuesday, April 30th. They issued an “overweight” rating and a $30.00 target price for the company.
MINISO Group Stock Down 2.1 %
Shares of MINISO Group stock traded down $0.35 during midday trading on Tuesday, hitting $16.07. The company had a trading volume of 155,516 shares, compared to its average volume of 1,441,734. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.80 and a current ratio of 2.18. The stock has a market capitalization 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 has a 50 day moving average of $20.02 and a 200 day moving average of $20.20. MINISO Group Holding Limited has a 52-week low of $15.71 and a 52-week high of $29.92.
MINISO Group (NYSE:MNSO – Get Free Report) last issued its earnings results on Tuesday, May 14th. The company reported $0.26 EPS for the quarter. The business had revenue of $515.70 million for the quarter. MINISO Group had a return on equity of 26.19% and a net margin of 16.23%. During the same quarter in the prior year, the business posted $0.22 earnings per share. On average, equities analysts predict that MINISO Group Holding Limited will post 1.21 earnings per share for the current fiscal year.
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.
Further Reading
- Five stocks we like better than MINISO Group
- When to Sell a Stock for Profit or Loss
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- 5 Top Rated Dividend Stocks to Consider
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
- CD Calculator: Certificate of Deposit Calculator
- Aerospace Stock Fires Up a Solid EPS Beat and Raises Guidance
Want to see what other hedge funds are holding MNSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MINISO Group Holding Limited (NYSE:MNSO – Free Report).
Receive News & Ratings for MINISO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MINISO Group and related companies with MarketBeat.com's FREE daily email newsletter.