M&G Investment Management Ltd. raised its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO – Get Rating) by 59.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,201,332 shares of the company’s stock after purchasing an additional 448,293 shares during the period. M&G Investment Management Ltd. owned 0.38% of MINISO Group worth $13,215,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Artemis Investment Management LLP purchased a new stake in MINISO Group in the fourth quarter valued at approximately $1,416,000. Nomura Holdings Inc. acquired a new position in shares of MINISO Group in the third quarter worth about $476,000. State Street Corp boosted its stake in shares of MINISO Group by 136.2% during the 3rd quarter. State Street Corp now owns 403,402 shares of the company’s stock worth $2,215,000 after acquiring an additional 232,602 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of MINISO Group during the 3rd quarter valued at approximately $270,000. Finally, Two Sigma Investments LP lifted its holdings in MINISO Group by 717.3% during the third quarter. Two Sigma Investments LP now owns 201,867 shares of the company’s stock valued at $1,108,000 after purchasing an additional 177,167 shares in the last quarter. Hedge funds and other institutional investors own 16.48% of the company’s stock.
MINISO Group Trading Down 1.0 %
Shares of MNSO stock opened at $16.71 on Friday. MINISO Group Holding Limited has a twelve month low of $4.45 and a twelve month high of $19.49. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 0.49 and a beta of 0.31. The company’s 50-day moving average price is $17.07 and its 200-day moving average price is $11.98. The company has a current ratio of 2.36, a quick ratio of 1.96 and a debt-to-equity ratio of 0.05.
Analyst Ratings Changes
Separately, The Goldman Sachs Group upgraded shares of MINISO Group from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, January 17th.
MINISO Group Company Profile
MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle and pop toy products in the People’s Republic of China and other countries in Asia, the Americas, 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.