63,617 Shares in MINISO Group Holding Limited (NYSE:MNSO) Bought by AI Squared Management Ltd

AI Squared Management Ltd bought a new stake in MINISO Group Holding Limited (NYSE:MNSO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 63,617 shares of the company’s stock, valued at approximately $1,520,000. MINISO Group comprises approximately 1.6% of AI Squared Management Ltd’s investment portfolio, making the stock its 18th largest holding.

Other hedge funds have also made changes to their positions in the company. Citigroup Inc. boosted its position in shares of MINISO Group by 553.7% in the 3rd quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock worth $6,846,000 after buying an additional 330,579 shares in the last quarter. FMR LLC raised its position in MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after acquiring an additional 2,884 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of MINISO Group in the third quarter valued at about $685,000. Centiva Capital LP acquired a new stake in shares of MINISO Group in the third quarter valued at approximately $255,000. Finally, Quantinno Capital Management LP purchased a new position in shares of MINISO Group during the 3rd quarter worth approximately $191,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Trading Down 3.0 %

Shares of MNSO opened at $18.38 on Tuesday. MINISO Group Holding Limited has a fifty-two week low of $12.51 and a fifty-two week high of $27.71. The company has a market capitalization of $5.74 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The stock has a fifty day moving average of $21.74 and a two-hundred day moving average of $20.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14.

MINISO Group (NYSE:MNSO) last released its earnings results on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The business had revenue of $646.49 million during the quarter, compared to analyst estimates of $4.82 billion. As a group, analysts forecast that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Announces Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be given a $0.3268 dividend. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group’s dividend payout ratio is presently 55.08%.

Analysts Set New Price Targets

A number of equities research analysts have commented on MNSO shares. HSBC initiated coverage on MINISO Group in a report on Wednesday, February 26th. They set a “buy” rating and a $29.30 target price on the stock. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, MINISO Group currently has an average rating of “Moderate Buy” and an average target price of $23.70.

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.