35,481 Shares in MINISO Group Holding Limited (NYSE:MNSO) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of MINISO Group Holding Limited (NYSE:MNSO) during the 3rd quarter, Holdings Channel reports. The fund acquired 35,481 shares of the company’s stock, valued at approximately $622,000.

Other large investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd increased its stake in MINISO Group by 89.1% during the second quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company’s stock worth $32,567,000 after acquiring an additional 804,706 shares during the last quarter. LMR Partners LLP bought a new position in shares of MINISO Group during the third quarter valued at approximately $11,384,000. Seven Eight Capital LP bought a new position in shares of MINISO Group during the second quarter valued at approximately $607,000. Point72 Asset Management L.P. grew its stake in shares of MINISO Group by 138.1% during the second quarter. Point72 Asset Management L.P. now owns 1,113,200 shares of the company’s stock valued at $21,229,000 after buying an additional 645,722 shares during the last quarter. Finally, Beck Bode LLC bought a new position in shares of MINISO Group during the second quarter valued at approximately $1,236,000. 17.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on MNSO shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Dbs Bank raised MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Bank of America cut MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 target price (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Finally, Citigroup initiated coverage on MINISO Group in a research note on Friday, October 4th. They issued a “buy” rating and a $26.80 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, MINISO Group currently has an average rating of “Hold” and an average price target of $20.90.

MINISO Group Stock Down 2.7 %

Shares of NYSE:MNSO opened at $24.08 on Friday. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $25.50. The stock has a market cap of $7.58 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.02 and a beta of 0.14. The business’s 50 day moving average is $19.34 and its 200 day moving average is $18.31. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17.

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.