Y Intercept Hong Kong Ltd Decreases Stock Holdings in MINISO Group Holding Limited (NYSE:MNSO)

Y Intercept Hong Kong Ltd lowered its stake in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,372 shares of the company's stock after selling 13,109 shares during the period. Y Intercept Hong Kong Ltd's holdings in MINISO Group were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. FMR LLC increased its holdings 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 last quarter. Venturi Wealth Management LLC bought a new stake in shares of MINISO Group in the third quarter worth about $78,000. SG Americas Securities LLC purchased a new stake in shares of MINISO Group in the fourth quarter worth about $163,000. Blue Trust Inc. boosted its stake in MINISO Group by 66.5% during the fourth quarter. Blue Trust Inc. now owns 8,674 shares of the company's stock valued at $207,000 after buying an additional 3,464 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in MINISO Group during the 3rd quarter valued at approximately $191,000. Hedge funds and other institutional investors own 17.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MNSO shares. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. HSBC began coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.70.

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MINISO Group Trading Down 0.7 %

Shares of MNSO traded down $0.15 during midday trading on Wednesday, hitting $20.14. The stock had a trading volume of 880,027 shares, compared to its average volume of 1,101,522. MINISO Group Holding Limited has a 1 year low of $12.51 and a 1 year high of $27.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The stock's 50 day moving average is $22.90 and its 200 day moving average is $20.09. The firm has a market cap of $6.29 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10.

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.