MINISO Group Holding Limited (NYSE:MNSO) Shares Sold by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC cut its stake in MINISO Group Holding Limited (NYSE:MNSO) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,441 shares of the company’s stock after selling 15,500 shares during the period. MINISO Group makes up approximately 2.1% of ABS Direct Equity Fund LLC’s holdings, making the stock its 18th largest holding. ABS Direct Equity Fund LLC’s holdings in MINISO Group were worth $1,850,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in MINISO Group in the 2nd quarter valued at approximately $26,000. FMR LLC lifted its position in shares of MINISO Group by 230.2% in the third quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after acquiring an additional 2,884 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of MINISO Group during the third quarter valued at $78,000. Blue Trust Inc. increased its position in MINISO Group by 167.0% during the 3rd quarter. Blue Trust Inc. now owns 5,210 shares of the company’s stock worth $99,000 after purchasing an additional 3,259 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in MINISO Group in the 4th quarter valued at about $163,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup assumed coverage on MINISO Group in a report on Friday, October 4th. They issued a “buy” rating and a $26.80 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.90.

MINISO Group Price Performance

MNSO opened at $22.83 on Tuesday. MINISO Group Holding Limited has a 1 year low of $12.51 and a 1 year high of $27.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The company’s 50 day simple moving average is $22.91 and its 200 day simple moving average is $19.07. The stock has a market capitalization of $7.13 billion, a PE ratio of 20.57, a P/E/G ratio of 0.82 and a beta of 0.08.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Friday, November 29th. The company reported $0.30 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. As a group, sell-side analysts expect that MINISO Group Holding Limited will post 1.19 EPS for the current 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.