Deltec Asset Management LLC Increases Holdings in MINISO Group Holding Limited (NYSE:MNSO)

Deltec Asset Management LLC raised its stake in shares of MINISO Group Holding Limited (NYSE:MNSO) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,500 shares of the company’s stock after buying an additional 2,844 shares during the quarter. Deltec Asset Management LLC’s holdings in MINISO Group were worth $601,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Avalon Trust Co purchased a new position in MINISO Group during the fourth quarter valued at $26,000. Headlands Technologies LLC purchased a new position in shares of MINISO Group in the first quarter worth $93,000. Bayesian Capital Management LP purchased a new position in shares of MINISO Group in the first quarter worth $201,000. Jump Financial LLC purchased a new position in shares of MINISO Group in the fourth quarter worth $231,000. Finally, Fortis Group Advisors LLC purchased a new position in shares of MINISO Group in the first quarter worth $249,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

MINISO Group Stock Performance

NYSE:MNSO traded down $0.66 during mid-day trading on Wednesday, hitting $15.01. 586,085 shares of the company traded hands, compared to its average volume of 1,401,185. The stock’s fifty day moving average price is $18.44 and its 200-day moving average price is $19.78. MINISO Group Holding Limited has a one year low of $14.28 and a one year high of $29.92. The company has a quick ratio of 1.80, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 0.59 and a beta of 0.18.

MINISO Group (NYSE:MNSO) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.26 earnings per share for the quarter. The firm had revenue of $515.70 million during the quarter. MINISO Group had a return on equity of 26.19% and a net margin of 16.23%. During the same period last year, the company earned $0.22 EPS. Research analysts anticipate 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.