15,475 Shares in MINISO Group Holding Limited (NYSE:MNSO) Acquired by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC purchased a new position in MINISO Group Holding Limited (NYSE:MNSO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,475 shares of the company’s stock, valued at approximately $317,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MNSO. Avalon Trust Co bought a new position in shares of MINISO Group during the 4th quarter valued at $26,000. Janney Montgomery Scott LLC lifted its holdings 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 valued at $887,000 after buying an additional 2,301 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings 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 valued at $918,000 after buying an additional 2,731 shares during the period. Headlands Technologies LLC bought a new position in shares of MINISO Group during the 1st quarter valued at $93,000. Finally, SG Americas Securities LLC lifted its holdings 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 valued at $584,000 after buying an additional 4,745 shares during the period. 17.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. assumed coverage on MINISO Group in a research note on Tuesday, April 30th. They issued an “overweight” rating and a $30.00 price objective for the company.

MINISO Group Stock Performance

Shares of NYSE:MNSO traded down $0.37 during midday trading on Thursday, hitting $17.20. The company had a trading volume of 1,276,780 shares, compared to its average volume of 1,476,042. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.80. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.65 and a beta of 0.17. MINISO Group Holding Limited has a 12-month low of $15.71 and a 12-month high of $29.92. The company has a fifty day moving average of $21.18 and a two-hundred day moving average of $20.43.

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 return on equity of 26.19% and a net margin of 16.23%. The business had revenue of $515.70 million during the quarter. During the same quarter in the previous year, the company posted $0.22 EPS. On average, equities research analysts expect that MINISO Group Holding Limited will post 1.24 EPS 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.