AI Squared Management Ltd Invests $1.52 Million in MINISO Group Holding Limited (NYSE:MNSO)

AI Squared Management Ltd bought a new stake in shares of MINISO Group Holding Limited (NYSE:MNSO) during the 4th quarter, Holdings Channel.com reports. The firm bought 63,617 shares of the company’s stock, valued at approximately $1,520,000. MINISO Group comprises approximately 1.6% of AI Squared Management Ltd’s holdings, making the stock its 18th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its position in MINISO Group by 14.9% in the fourth quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock valued at $8,020,000 after acquiring an additional 43,151 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of MINISO Group in the third quarter valued at $685,000. Candriam S.C.A. acquired a new stake in MINISO Group during the 4th quarter valued at $9,986,000. Citigroup Inc. increased its stake in MINISO Group by 553.7% during the 3rd quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock worth $6,846,000 after buying an additional 330,579 shares during the period. Finally, SG Americas Securities LLC acquired a new position in MINISO Group in the 4th quarter worth $163,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

MINISO Group Stock Down 3.0 %

NYSE:MNSO opened at $18.38 on Tuesday. The stock has a 50-day simple moving average of $21.74 and a 200 day simple moving average of $20.50. MINISO Group Holding Limited has a one year low of $12.51 and a one year high of $27.71. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth 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 (NYSE:MNSO) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The firm had revenue of $646.49 million during the quarter, compared to the consensus estimate of $4.82 billion. Sell-side analysts predict that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be given a $0.3268 dividend. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group’s payout ratio is currently 55.08%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MNSO. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. HSBC assumed coverage on MINISO Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $29.30 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.70.

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.