GSA Capital Partners LLP Increases Position in MINISO Group Holding Limited (NYSE:MNSO)

GSA Capital Partners LLP boosted its position in shares of MINISO Group Holding Limited (NYSE:MNSO) by 96.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,196 shares of the company’s stock after buying an additional 43,782 shares during the period. GSA Capital Partners LLP’s holdings in MINISO Group were worth $1,829,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MNSO. PNC Financial Services Group Inc. increased its stake in MINISO Group by 95.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock worth $26,000 after buying an additional 492 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in MINISO Group by 3.5% in the third quarter. Royal London Asset Management Ltd. now owns 149,900 shares of the company’s stock valued at $3,880,000 after acquiring an additional 5,100 shares during the last quarter. Penserra Capital Management LLC acquired a new position in MINISO Group during the third quarter worth $747,000. Diversified Trust Co acquired a new position in MINISO Group during the third quarter worth $575,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in MINISO Group during the third quarter worth $339,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Stock Performance

Shares of NYSE MNSO traded up $0.66 during midday trading on Wednesday, reaching $19.20. 354,044 shares of the company were exchanged, compared to its average volume of 1,486,440. The company has a current ratio of 2.18, a quick ratio of 1.80 and a debt-to-equity ratio of 0.10. MINISO Group Holding Limited has a 1 year low of $15.71 and a 1 year high of $29.92. The stock has a fifty day simple moving average of $21.80 and a 200 day simple moving average of $20.49. The stock has a market cap of $6.07 billion, a P/E ratio of 18.13, a PEG ratio of 0.65 and a beta of 0.17.

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. started coverage on MINISO Group in a research report on Tuesday, April 30th. They set an “overweight” rating and a $30.00 price objective on the stock.

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.