Candriam S.C.A. bought a new stake in MINISO Group Holding Limited (NYSE:MNSO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 418,000 shares of the company's stock, valued at approximately $9,986,000. Candriam S.C.A. owned approximately 0.13% of MINISO Group as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of MNSO. XY Capital Ltd bought a new stake in shares of MINISO Group in the third quarter worth $5,134,000. Venturi Wealth Management LLC bought a new stake in MINISO Group during the 3rd quarter worth about $78,000. LMR Partners LLP acquired a new position in shares of MINISO Group during the 3rd quarter worth about $11,384,000. Citigroup Inc. grew its holdings in shares of MINISO Group by 553.7% in the 3rd quarter. Citigroup Inc. now owns 390,286 shares of the company's stock valued at $6,846,000 after acquiring an additional 330,579 shares in the last quarter. Finally, FMR LLC increased its position in shares of MINISO Group by 230.2% in the third 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. Institutional investors and hedge funds own 17.16% of the company's stock.
Several research analysts recently commented on the company. HSBC assumed coverage on MINISO Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $29.30 price target for the company. Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.70.
Check Out Our Latest Stock Report on MNSO
Shares of MINISO Group stock traded up $0.57 during trading on Friday, reaching $19.86. 936,340 shares of the company's stock were exchanged, compared to its average volume of 1,111,112. The firm's 50-day moving average price is $22.78 and its 200 day moving average price is $20.09. The company has a market cap of $6.20 billion, a P/E ratio of 17.89, a PEG ratio of 0.80 and a beta of 0.10. 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 1-year low of $12.51 and a 1-year high of $27.71.
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.
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