Renaissance Technologies LLC Sells 111,800 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Renaissance Technologies LLC reduced its stake in MINISO Group Holding Limited (NYSE:MNSO) by 37.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 187,000 shares of the company’s stock after selling 111,800 shares during the quarter. Renaissance Technologies LLC’s holdings in MINISO Group were worth $3,566,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP raised its position in MINISO Group by 96.4% during the first quarter. GSA Capital Partners LLP now owns 89,196 shares of the company’s stock valued at $1,829,000 after purchasing an additional 43,782 shares in the last quarter. Prudential PLC raised its position in MINISO Group by 884.5% during the fourth quarter. Prudential PLC now owns 217,548 shares of the company’s stock valued at $4,438,000 after purchasing an additional 195,451 shares in the last quarter. M&G Plc acquired a new position in MINISO Group during the first quarter valued at approximately $10,431,000. William Blair Investment Management LLC acquired a new position in MINISO Group during the second quarter valued at approximately $1,105,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in MINISO Group by 33.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,668 shares of the company’s stock valued at $1,838,000 after purchasing an additional 22,643 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Dbs Bank upgraded shares of MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price target (down from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a report on Monday, September 23rd. Finally, Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.00.

MINISO Group Stock Up 11.0 %

Shares of NYSE:MNSO opened at $17.13 on Monday. The company has a fifty day moving average of $15.87 and a 200-day moving average of $19.35. The company has a market capitalization of $5.41 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 0.56 and a beta of 0.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $28.28.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $555.26 million during the quarter, compared to the consensus estimate of $557.54 million. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. On average, equities analysts predict that MINISO Group Holding Limited will post 1.23 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were issued a $0.274 dividend. The ex-dividend date was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s payout ratio is 49.06%.

About MINISO Group

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.