Sei Investments Co. Has $2.78 Million Holdings in MINISO Group Holding Limited (NYSE:MNSO)

Sei Investments Co. reduced its stake in MINISO Group Holding Limited (NYSE:MNSO) by 41.6% during the second quarter, Holdings Channel.com reports. The fund owned 145,734 shares of the company’s stock after selling 103,840 shares during the period. Sei Investments Co.’s holdings in MINISO Group were worth $2,779,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. XTX Topco Ltd lifted its position in shares of MINISO Group by 10.6% in the 2nd quarter. XTX Topco Ltd now owns 13,861 shares of the company’s stock worth $264,000 after purchasing an additional 1,326 shares during the period. Blue Trust Inc. grew its holdings in MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after acquiring an additional 1,890 shares during the period. Janney Montgomery Scott LLC raised its position in shares of MINISO Group by 5.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock worth $887,000 after acquiring an additional 2,301 shares in the last quarter. Deltec Asset Management LLC lifted its stake in shares of MINISO Group by 9.9% in the 2nd quarter. Deltec Asset Management LLC now owns 31,500 shares of the company’s stock valued at $601,000 after purchasing an additional 2,844 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of MINISO Group by 29.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,071 shares of the company’s stock worth $268,000 after buying an additional 2,982 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Stock Performance

Shares of MNSO opened at $18.95 on Friday. The firm has a market capitalization of $5.99 billion, a P/E ratio of 17.88, a P/E/G ratio of 0.56 and a beta of 0.18. MINISO Group Holding Limited has a 52 week low of $12.51 and a 52 week high of $28.28. The stock has a 50 day moving average price of $15.96 and a two-hundred day moving average price of $19.32. 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 (NYSE:MNSO) last announced its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. The business had revenue of $555.26 million during the quarter, compared to the consensus estimate of $557.54 million. Equities analysts forecast that MINISO Group Holding Limited will post 1.23 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. Dbs Bank upgraded shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, MINISO Group presently has a consensus rating of “Hold” and an average price target of $15.00.

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.