Deltec Asset Management LLC increased its position in MINISO Group Holding Limited (NYSE:MNSO – Free Report) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,500 shares of the company’s stock after purchasing an additional 2,844 shares during the period. Deltec Asset Management LLC’s holdings in MINISO Group were worth $601,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MNSO. Norges Bank bought a new stake in shares of MINISO Group during the 4th quarter worth $31,510,000. KEYWISE CAPITAL MANAGEMENT HK Ltd increased its position in shares of MINISO Group by 37.8% during the first quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,223,450 shares of the company’s stock valued at $107,081,000 after buying an additional 1,433,950 shares during the period. Sylebra Capital LLC bought a new stake in shares of MINISO Group during the first quarter valued at about $19,119,000. Axiom Investors LLC DE grew its holdings in shares of MINISO Group by 111.7% during the fourth quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock worth $33,582,000 after purchasing an additional 868,599 shares in the last quarter. Finally, Carmignac Gestion grew its holdings in shares of MINISO Group by 95,834.7% during the fourth quarter. Carmignac Gestion now owns 735,819 shares of the company’s stock worth $15,010,000 after purchasing an additional 735,052 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors.
MINISO Group Stock Down 4.2 %
MNSO traded down $0.66 during trading on Wednesday, reaching $15.01. The stock had a trading volume of 586,085 shares, compared to its average volume of 1,401,185. The stock’s 50 day moving average is $18.44 and its two-hundred day moving average is $19.78. The company has a current ratio of 2.18, a quick ratio of 1.80 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.59 and a beta of 0.18. MINISO Group Holding Limited has a one year low of $14.28 and a one year high of $29.92.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. began coverage on MINISO Group in a research note on Tuesday, April 30th. They issued an “overweight” rating and a $30.00 target price for the company.
Check Out Our Latest Stock Report on MINISO Group
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.
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