418,000 Shares in MINISO Group Holding Limited (NYSE:MNSO) Acquired by Candriam S.C.A.

Candriam S.C.A. acquired a new position in shares of MINISO Group Holding Limited (NYSE:MNSO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 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 SEC filing.

Several other large investors have also recently modified their holdings of MNSO. SBI Securities Co. Ltd. acquired a new position in MINISO Group during the 4th quarter valued at approximately $31,000. US Bancorp DE boosted its holdings in shares of MINISO Group by 344.7% in the 4th quarter. US Bancorp DE now owns 11,864 shares of the company’s stock valued at $283,000 after acquiring an additional 9,196 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of MINISO Group by 66.5% in the 4th quarter. Blue Trust Inc. now owns 8,674 shares of the company’s stock valued at $207,000 after acquiring an additional 3,464 shares during the last quarter. SG Americas Securities LLC purchased a new stake in MINISO Group during the fourth quarter worth $163,000. Finally, Nordea Investment Management AB boosted its holdings in MINISO Group by 14.9% during the fourth quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock worth $8,020,000 after buying an additional 43,151 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

MINISO Group Trading Up 2.9 %

Shares of MNSO stock opened at $19.86 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The firm has a market cap of $6.20 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The company has a 50-day moving average of $22.78 and a two-hundred day moving average of $20.09. MINISO Group Holding Limited has a 1-year low of $12.51 and a 1-year high of $27.71.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. HSBC began coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price objective for the company. Hsbc Global Res upgraded shares of MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.70.

MINISO Group Company 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.