Deltec Asset Management LLC Makes New $587,000 Investment in MINISO Group Holding Limited (NYSE:MNSO)

Deltec Asset Management LLC purchased a new stake in shares of MINISO Group Holding Limited (NYSE:MNSO) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 28,656 shares of the company’s stock, valued at approximately $587,000.

A number of other institutional investors have also made changes to their positions in MNSO. PNC Financial Services Group Inc. grew its holdings in shares of MINISO Group by 95.3% in the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after purchasing an additional 492 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of MINISO Group by 49.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 63,676 shares of the company’s stock valued at $1,649,000 after purchasing an additional 21,043 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of MINISO Group by 4,176.7% in the third quarter. Qube Research & Technologies Ltd now owns 427,798 shares of the company’s stock valued at $11,080,000 after purchasing an additional 417,795 shares in the last quarter. Lansdowne Partners UK LLP acquired a new position in shares of MINISO Group in the third quarter valued at approximately $3,620,000. Finally, KEYWISE CAPITAL MANAGEMENT HK Ltd grew its holdings in shares of MINISO Group by 45.1% in the third quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock valued at $83,507,000 after purchasing an additional 1,002,600 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. started coverage on shares of 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 Up 0.1 %

Shares of NYSE:MNSO traded up $0.01 during trading on Friday, hitting $19.07. 1,021,002 shares of the company were exchanged, compared to its average volume of 986,495. The stock has a market capitalization of $6.02 billion, a P/E ratio of 17.99, a PEG ratio of 0.69 and a beta of 0.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.80. MINISO Group Holding Limited has a 12-month low of $15.71 and a 12-month high of $29.92. The firm’s 50 day moving average price is $22.35 and its 200-day moving average price is $20.52.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.26 EPS for the quarter. MINISO Group had a net margin of 16.23% and a return on equity of 26.19%. The firm had revenue of $515.70 million during the quarter. During the same quarter last year, the company earned $0.22 EPS. On average, research analysts predict that MINISO Group Holding Limited will post 1.24 earnings per share for the current fiscal year.

About MINISO Group

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.