Healthcare of Ontario Pension Plan Trust Fund Has $4.07 Million Stock Holdings in MINISO Group Holding Limited (NYSE:MNSO)

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 38.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,000 shares of the company's stock after selling 147,100 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.07% of MINISO Group worth $4,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its position in MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company's stock valued at $73,000 after acquiring an additional 2,884 shares during the period. Citigroup Inc. lifted its stake in MINISO Group by 553.7% during the third quarter. Citigroup Inc. now owns 390,286 shares of the company's stock valued at $6,846,000 after purchasing an additional 330,579 shares during the last quarter. LMR Partners LLP bought a new stake in shares of MINISO Group during the 3rd quarter worth $11,384,000. Venturi Wealth Management LLC purchased a new position in MINISO Group in the 3rd quarter worth about $78,000. Finally, XY Capital Ltd acquired a new stake in MINISO Group during the 3rd quarter valued at $5,134,000. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Trading Up 8.2 %

Shares of MNSO stock traded up $1.52 during trading hours on Friday, reaching $20.01. The company had a trading volume of 2,320,852 shares, compared to its average volume of 1,528,756. MINISO Group Holding Limited has a 1-year low of $12.51 and a 1-year high of $26.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 0.82 and a beta of 0.15. The company has a 50 day moving average of $17.90 and a 200 day moving average of $18.25.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its earnings results on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The company had revenue of $555.26 million for the quarter, compared to analyst estimates of $557.54 million. On average, equities research analysts anticipate that MINISO Group Holding Limited will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on MNSO. Dbs Bank raised shares of MINISO Group to a "strong-buy" rating in a research report on Tuesday, September 24th. Bank of America downgraded MINISO Group from a "buy" rating to an "underperform" rating in a research note on Monday, September 23rd. Citigroup began coverage on MINISO Group in a report on Friday, October 4th. They issued a "buy" rating and a $26.80 target price for the company. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $15.00 price objective (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of MINISO Group in a report on Monday, September 23rd. One investment 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 company. Based on data from MarketBeat, MINISO Group presently has an average rating of "Hold" and a consensus price target of $20.90.

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.