Y Intercept Hong Kong Ltd Buys New Shares in MINISO Group Holding Limited (NYSE:MNSO)

Y Intercept Hong Kong Ltd purchased a new position in MINISO Group Holding Limited (NYSE:MNSO - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,481 shares of the company's stock, valued at approximately $622,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. M&G PLC lifted its holdings in MINISO Group by 217.5% during the 3rd quarter. M&G PLC now owns 3,611,656 shares of the company's stock valued at $65,010,000 after purchasing an additional 2,474,207 shares during the last quarter. Sylebra Capital LLC raised its stake in shares of MINISO Group by 96.3% in the second quarter. Sylebra Capital LLC now owns 1,831,002 shares of the company's stock valued at $34,917,000 after acquiring an additional 898,373 shares during the last quarter. Point72 Hong Kong Ltd boosted its holdings in shares of MINISO Group by 89.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company's stock worth $32,567,000 after acquiring an additional 804,706 shares in the last quarter. Victory Capital Management Inc. grew its position in MINISO Group by 3.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,588,191 shares of the company's stock worth $30,287,000 after acquiring an additional 50,650 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of MINISO Group by 138.1% during the second 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. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Stock Down 2.7 %

Shares of MNSO stock traded down $0.67 during trading hours on Friday, hitting $24.08. 523,467 shares of the company were exchanged, compared to its average volume of 1,880,240. The company has a market capitalization of $7.58 billion, a PE ratio of 21.69, a PEG ratio of 1.02 and a beta of 0.14. MINISO Group Holding Limited has a 52 week low of $12.51 and a 52 week high of $25.50. The business has a 50 day moving average of $19.34 and a two-hundred day moving average of $18.27. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

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

About MINISO Group

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.