Long Corridor Asset Management Ltd Buys Shares of 105,250 MINISO Group Holding Limited Unsponsored ADR $MNSO

Long Corridor Asset Management Ltd purchased a new position in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 105,250 shares of the company’s stock, valued at approximately $2,368,000. MINISO Group makes up approximately 1.0% of Long Corridor Asset Management Ltd’s holdings, making the stock its 17th largest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Marshall Wace LLP lifted its holdings in shares of MINISO Group by 131.1% during the 2nd quarter. Marshall Wace LLP now owns 1,776,960 shares of the company’s stock worth $32,376,000 after acquiring an additional 1,008,048 shares during the last quarter. Serenity Capital Management PTE. LTD. increased its stake in MINISO Group by 149.8% in the second quarter. Serenity Capital Management PTE. LTD. now owns 1,157,662 shares of the company’s stock valued at $21,093,000 after acquiring an additional 694,212 shares during the last quarter. WFM ASIA BVI Ltd bought a new position in MINISO Group in the third quarter valued at $35,624,000. Fox Run Management L.L.C. purchased a new stake in MINISO Group during the third quarter valued at about $1,275,000. Finally, Quadrant Capital Group LLC raised its position in MINISO Group by 12,244.7% during the second quarter. Quadrant Capital Group LLC now owns 41,972 shares of the company’s stock valued at $765,000 after purchasing an additional 41,632 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

MINISO Group Price Performance

Shares of NYSE:MNSO opened at $16.92 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5.23 billion, a PE ratio of 17.44, a PEG ratio of 1.19 and a beta of 0.16. The company’s fifty day moving average is $19.03 and its 200 day moving average is $20.93. MINISO Group Holding Limited Unsponsored ADR has a 52 week low of $13.94 and a 52 week high of $26.74.

Analyst Ratings Changes

A number of research firms have recently issued reports on MNSO. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a report on Monday, December 29th. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on MINISO Group in a research report on Tuesday, November 25th. They issued a “buy” rating and a $23.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MINISO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.73.

MINISO Group Profile

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.