MINISO Group Holding Limited (NYSE:MNSO) Shares Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH grew its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 100.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,000 shares of the company's stock after purchasing an additional 40,000 shares during the quarter. Erste Asset Management GmbH's holdings in MINISO Group were worth $1,925,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LMR Partners LLP purchased a new position in shares of MINISO Group in the third quarter valued at approximately $11,384,000. Nordea Investment Management AB lifted its stake in MINISO Group by 14.9% in the fourth quarter. Nordea Investment Management AB now owns 333,729 shares of the company's stock worth $8,020,000 after acquiring an additional 43,151 shares during the last quarter. Candriam S.C.A. purchased a new position in MINISO Group in the fourth quarter worth approximately $9,986,000. Citigroup Inc. lifted its stake in MINISO Group by 553.7% in the third quarter. Citigroup Inc. now owns 390,286 shares of the company's stock worth $6,846,000 after acquiring an additional 330,579 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in MINISO Group in the fourth quarter worth approximately $163,000. Hedge funds and other institutional investors own 17.16% of the company's stock.

Analysts Set New Price Targets

MNSO has been the subject of a number of recent research reports. HSBC initiated coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price target for the company. Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, MINISO Group currently has an average rating of "Moderate Buy" and a consensus target price of $23.70.

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MINISO Group Stock Up 3.6 %

MNSO stock traded up $0.76 during midday trading on Wednesday, reaching $21.77. 1,136,458 shares of the company were exchanged, compared to its average volume of 1,103,366. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. MINISO Group Holding Limited has a 1-year low of $12.51 and a 1-year high of $27.71. The stock's 50-day simple moving average is $22.08 and its 200 day simple moving average is $20.41. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10.

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.