GSA Capital Partners LLP Sells 77,629 Shares of MINISO Group Holding Limited (NYSE:MNSO)

GSA Capital Partners LLP cut its holdings in MINISO Group Holding Limited (NYSE:MNSO) by 79.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,974 shares of the company’s stock after selling 77,629 shares during the period. GSA Capital Partners LLP’s holdings in MINISO Group were worth $350,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in MINISO Group in the second quarter worth $26,000. Blue Trust Inc. lifted its stake in MINISO Group by 3,098.4% in the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after purchasing an additional 1,890 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of MINISO Group during the third quarter valued at about $78,000. Banque Cantonale Vaudoise bought a new position in shares of MINISO Group during the second quarter valued at about $118,000. Finally, Bayesian Capital Management LP bought a new position in shares of MINISO Group during the first quarter valued at about $201,000. 17.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price objective (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Citigroup began coverage on shares of MINISO Group in a research note on Friday, October 4th. They set a “buy” rating and a $26.80 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.90.

MINISO Group Price Performance

Shares of NYSE MNSO opened at $16.67 on Friday. MINISO Group Holding Limited has a 1 year low of $12.51 and a 1 year high of $26.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The company’s 50-day moving average is $17.64 and its 200 day moving average is $18.51. The stock has a market capitalization of $5.25 billion, a P/E ratio of 15.44, a P/E/G ratio of 0.72 and a beta of 0.15.

MINISO Group (NYSE:MNSO) last announced 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 for the quarter, compared to analysts’ expectations of $557.54 million. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. On average, sell-side analysts expect that MINISO Group Holding Limited will post 1.23 earnings per share for the current year.

MINISO Group Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were paid a $0.274 dividend. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group’s dividend payout ratio is presently 49.07%.

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.