Wellington Management Group LLP Sells 131,992 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Wellington Management Group LLP decreased its holdings in shares of MINISO Group Holding Limited (NYSE:MNSOFree Report) by 30.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,607 shares of the company’s stock after selling 131,992 shares during the quarter. Wellington Management Group LLP’s holdings in MINISO Group were worth $6,214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its stake in shares of MINISO Group by 95.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock worth $26,000 after buying an additional 492 shares during the last quarter. Avalon Trust Co bought a new stake in shares of MINISO Group during the fourth quarter worth approximately $26,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of MINISO Group during the fourth quarter worth approximately $206,000. Handelsinvest Investeringsforvaltning acquired a new position in shares of MINISO Group in the fourth quarter valued at approximately $231,000. Finally, Jump Financial LLC bought a new position in shares of MINISO Group during the fourth quarter worth approximately $231,000. 17.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. initiated coverage on MINISO Group in a report on Tuesday, April 30th. They issued an “overweight” rating and a $30.00 price objective on the stock.

Read Our Latest Research Report on MINISO Group

MINISO Group Price Performance

Shares of MINISO Group stock opened at $19.09 on Friday. The company has a 50-day simple moving average of $22.35 and a two-hundred day simple moving average of $20.51. MINISO Group Holding Limited has a twelve month low of $15.71 and a twelve month high of $29.92. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 0.70 and a beta of 0.21. The company has a quick ratio of 1.80, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

MINISO Group (NYSE:MNSOGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $515.70 million during the quarter. MINISO Group had a net margin of 16.23% and a return on equity of 26.19%. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Analysts forecast that MINISO Group Holding Limited will post 1.24 EPS for the current year.

MINISO Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MINISO Group (NYSE:MNSO)

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