ABS Direct Equity Fund LLC Sells 15,500 Shares of MINISO Group Holding Limited (NYSE:MNSO)

ABS Direct Equity Fund LLC decreased its stake in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,441 shares of the company's stock after selling 15,500 shares during the period. MINISO Group comprises about 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

MINISO Group Stock Down 3.1 %

MINISO Group stock traded down $0.73 during midday trading on Friday, reaching $22.93. The stock had a trading volume of 403,301 shares, compared to its average volume of 1,143,089. The company has a fifty day moving average price of $23.26 and a two-hundred day moving average price of $19.15. The company has a market capitalization of $7.17 billion, a P/E ratio of 20.65, a PEG ratio of 0.81 and a beta of 0.08. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. MINISO Group Holding Limited has a 12 month low of $12.51 and a 12 month high of $27.71.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its earnings results on Friday, November 29th. The company reported $0.30 earnings per share for the quarter. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. As a group, equities analysts expect that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup started 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus 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.