Aigen Investment Management LP Invests $916,000 in MINISO Group Holding Limited (NYSE:MNSO)

Aigen Investment Management LP purchased a new position in shares of MINISO Group Holding Limited (NYSE:MNSOFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,918 shares of the company’s stock, valued at approximately $916,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MNSO. Acadian Asset Management LLC boosted its position in MINISO Group by 8.1% during the third quarter. Acadian Asset Management LLC now owns 3,532,627 shares of the company’s stock valued at $91,456,000 after purchasing an additional 265,483 shares in the last quarter. Vanguard Group Inc. boosted its holdings in MINISO Group by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company’s stock worth $90,393,000 after acquiring an additional 49,492 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its holdings in MINISO Group by 45.1% in the third quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock worth $83,507,000 after acquiring an additional 1,002,600 shares in the last quarter. Norges Bank acquired a new stake in MINISO Group in the fourth quarter worth about $31,510,000. Finally, Victory Capital Management Inc. boosted its holdings in MINISO Group by 24.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,193,474 shares of the company’s stock worth $24,347,000 after acquiring an additional 230,769 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. started coverage on MINISO Group in a report on Tuesday, April 30th. They issued an “overweight” rating and a $30.00 price target for the company.

Read Our Latest Stock Report on MINISO Group

MINISO Group Price Performance

MNSO traded down $0.87 during trading on Wednesday, hitting $22.03. The company’s stock had a trading volume of 398,660 shares, compared to its average volume of 1,599,503. The company has a current ratio of 2.18, a quick ratio of 1.80 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $21.96 and its 200 day simple moving average is $21.07. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 0.83 and a beta of 0.23. MINISO Group Holding Limited has a twelve month low of $14.46 and a twelve month high of $29.92.

MINISO Group (NYSE:MNSOGet Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $515.70 million for the quarter. MINISO Group had a return on equity of 26.19% and a net margin of 16.23%. During the same period in the prior year, the firm earned $0.22 earnings per share. On average, equities research analysts forecast that MINISO Group Holding Limited will post 1.25 EPS for the current fiscal year.

MINISO Group Announces Dividend

The business also recently disclosed a None dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.29 per share. This represents a yield of 2%. The ex-dividend date of this dividend was Wednesday, March 27th. MINISO Group’s dividend payout ratio (DPR) is currently 36.79%.

About MINISO Group

(Free Report)

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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Institutional Ownership by Quarter for MINISO Group (NYSE:MNSO)

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