Capstone Investment Advisors LLC Grows Stock Position in MINISO Group Holding Limited (NYSE:MNSO)

Capstone Investment Advisors LLC grew its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO) by 139.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,056 shares of the company’s stock after purchasing an additional 26,793 shares during the quarter. Capstone Investment Advisors LLC’s holdings in MINISO Group were worth $944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its stake in shares of MINISO Group by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock valued at $887,000 after acquiring an additional 2,301 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of MINISO Group by 33.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,668 shares of the company’s stock valued at $1,838,000 after acquiring an additional 22,643 shares during the period. Fortis Group Advisors LLC bought a new position in shares of MINISO Group during the 1st quarter valued at approximately $249,000. Principal Financial Group Inc. bought a new position in shares of MINISO Group during the 1st quarter valued at approximately $7,462,000. Finally, XY Capital Ltd bought a new position in shares of MINISO Group during the 1st quarter valued at approximately $1,257,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Price Performance

MNSO traded down $0.61 during trading on Friday, reaching $18.19. 1,162,050 shares of the company traded hands, compared to its average volume of 885,553. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.80 and a current ratio of 2.18. MINISO Group Holding Limited has a 12-month low of $15.71 and a 12-month high of $29.92. The firm has a fifty day simple moving average of $21.99 and a 200 day simple moving average of $20.50. The company has a market cap of $5.75 billion, a P/E ratio of 17.16, a PEG ratio of 0.68 and a beta of 0.17.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 16.23% and a return on equity of 26.19%. The business had revenue of $515.70 million during the quarter. During the same period last year, the business earned $0.22 earnings per share. On average, equities analysts forecast that MINISO Group Holding Limited will post 1.24 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. assumed coverage on MINISO Group in a research note on Tuesday, April 30th. They set an “overweight” rating and a $30.00 price objective for the company.

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.