Healthcare of Ontario Pension Plan Trust Fund Decreases Stock Position in MINISO Group Holding Limited (NYSE:MNSO)

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in MINISO Group Holding Limited (NYSE:MNSO) by 59.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 360,100 shares of the company’s stock after selling 523,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.11% of MINISO Group worth $7,382,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. GSA Capital Partners LLP increased its holdings in MINISO Group by 96.4% during the 1st quarter. GSA Capital Partners LLP now owns 89,196 shares of the company’s stock valued at $1,829,000 after purchasing an additional 43,782 shares during the period. Prudential PLC grew its stake in shares of MINISO Group by 884.5% in the 4th quarter. Prudential PLC now owns 217,548 shares of the company’s stock worth $4,438,000 after buying an additional 195,451 shares during the last quarter. M&G Plc purchased a new stake in shares of MINISO Group in the 1st quarter worth approximately $10,431,000. Capital Wealth Planning LLC grew its stake in shares of MINISO Group by 176.1% in the 4th quarter. Capital Wealth Planning LLC now owns 79,671 shares of the company’s stock worth $1,625,000 after buying an additional 50,817 shares during the last quarter. Finally, Monolith Management Ltd purchased a new stake in shares of MINISO Group in the 4th quarter worth approximately $3,060,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Performance

Shares of MNSO stock traded down $0.28 on Thursday, reaching $16.76. The stock had a trading volume of 585,117 shares, compared to its average volume of 1,459,455. The stock has a market cap of $5.29 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 0.66 and a beta of 0.17. MINISO Group Holding Limited has a 1 year low of $15.71 and a 1 year high of $29.92. 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 company has a 50 day simple moving average of $20.46 and a 200 day simple moving average of $20.32.

MINISO Group (NYSE:MNSO) last released 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 firm had revenue of $515.70 million for the quarter. During the same quarter last year, the business earned $0.22 earnings per share. Equities research analysts expect that MINISO Group Holding Limited will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. initiated coverage on MINISO Group in a research note on Tuesday, April 30th. They set an “overweight” rating and a $30.00 target price 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.