MINISO Group Holding Limited (NYSE:MNSO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 215,003 shares of the company's stock after selling 65,350 shares during the period. Victory Capital Management Inc. owned about 0.07% of MINISO Group worth $5,136,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MNSO. Geode Capital Management LLC lifted its position in MINISO Group by 1.6% during the third quarter. Geode Capital Management LLC now owns 66,540 shares of the company's stock worth $1,167,000 after buying an additional 1,027 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in MINISO Group during the fourth quarter worth approximately $31,000. FMR LLC lifted its position in MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company's stock worth $73,000 after buying an additional 2,884 shares in the last quarter. Blue Trust Inc. lifted its position in MINISO Group by 66.5% during the fourth quarter. Blue Trust Inc. now owns 8,674 shares of the company's stock worth $207,000 after buying an additional 3,464 shares in the last quarter. Finally, ABS Direct Equity Fund LLC lifted its position in MINISO Group by 5.1% during the third quarter. ABS Direct Equity Fund LLC now owns 92,941 shares of the company's stock worth $1,630,000 after buying an additional 4,500 shares in the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have 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 MINISO Group in a research report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.70.

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MINISO Group Trading Up 3.8 %

Shares of MNSO stock traded up $0.80 on Wednesday, hitting $21.81. The stock had a trading volume of 885,823 shares, compared to its average volume of 1,603,871. MINISO Group Holding Limited has a 1 year low of $12.51 and a 1 year high of $27.71. The firm has a market capitalization of $6.81 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.80 and a beta of 0.10. 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 company's 50 day moving average price is $22.08 and its 200-day moving average price is $20.41.

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.