MINISO Group Holding Limited (NYSE:MNSO) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its position in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 99.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,035 shares of the company's stock after selling 311,900 shares during the quarter. National Bank of Canada FI's holdings in MINISO Group were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MNSO. Point72 Hong Kong Ltd increased its holdings 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 valued at $32,567,000 after buying an additional 804,706 shares during the period. LMR Partners LLP purchased a new position in shares of MINISO Group in the 3rd quarter valued at $11,384,000. Seven Eight Capital LP purchased a new position in shares of MINISO Group in the 2nd quarter valued at $607,000. Point72 Asset Management L.P. lifted its stake in shares of MINISO Group by 138.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,113,200 shares of the company's stock worth $21,229,000 after purchasing an additional 645,722 shares during the last quarter. Finally, Beck Bode LLC bought a new stake in MINISO Group during the second quarter valued at about $1,236,000. Hedge funds and other institutional investors own 17.16% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MNSO shares. Dbs Bank upgraded shares of MINISO Group to a "strong-buy" rating in a report on Tuesday, September 24th. Citigroup began coverage on shares of MINISO Group in a research report on Friday, October 4th. They set a "buy" rating and a $26.80 target price for the company. Bank of America lowered shares of MINISO Group from a "buy" rating to an "underperform" rating in a report on Monday, September 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of MINISO Group in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $15.00 target price (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $20.90.

MINISO Group Stock Performance

MNSO stock traded down $0.59 during trading on Wednesday, reaching $23.59. The company had a trading volume of 529,089 shares, compared to its average volume of 1,868,341. 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 twelve month low of $12.51 and a twelve month high of $25.50. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.02 and a beta of 0.14. The firm has a 50-day simple moving average of $19.64 and a 200-day simple moving average of $18.33.

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.