Acadian Asset Management LLC has recently announced that it has increased stake in MINISO Group Holding Ltd ADR (NYSE:MNSO) by 8.13%. After grabbing 3.53 million shares, the institutional investor is now in possession of 0.27 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 1.12% having worth around $89.48 million. Moreover, Keywise Capital Management increased its share by 1.0 million to have a control over 3.22 million shares. And BlackRock Fund Advisors raised its holdings to 59820.0 shares by acquiring 2.77 million shares or 0.88% of the stake.
MINISO Group Holding Ltd ADR (MNSO) concluded trading on 01/04/24 at a closing price of $21.89, with 3.84 million shares of worth about $84.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.31% during that period and on Thursday the price saw a gain of about 9.89%. Currently the company’s common shares owned by public are about 315.92M shares, out of which, 315.86M shares are available for trading.
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Canada Pension Plan, Government Pension Fund – Global, and Schroder ISF – Greater China are the top 3 mutual funds which are holding stakes in MINISO Group Holding Ltd ADR Canada Pension Plan is currently holding 13.54 million shares of worth totaling $343.09 million. The company recently came buying 74000.0 shares which brought its stake up to 4.29% of the company’s outstanding shares. Government Pension Fund – Global bought 4.17 million shares, after which its hold over company’s outstanding shares expand to 1.64%, leaving 5.18 million shares with the mutual fund that have a worth of about $131.08 million. Schroder ISF – Greater China, after selling 2.07 million shares, have now control over 0.66% of the stake in the company. It holds -0.16 million shares of worth $52.43 million.
MINISO Group Holding Ltd ADR (NYSE: MNSO) started trading at $21.21, above $1.29 from concluding price of the previous day. However, the stock later moved at a day high price of 22.65, or with a gain of 9.89%. Stock saw a price change of 9.78% in past 5 days and over the past one month there was a price change of 5.44%. Year-to-date (YTD), MNSO shares are showing a performance of 7.30% which increased to 103.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.06 but also hit the highest price of $29.92 during that period. The average intraday trading volume for MINISO Group Holding Ltd ADR shares is 1.71 million. The stock is currently trading 10.79% above its 20-day simple moving average (SMA20), while that difference is down -6.48% for SMA50 and it goes to 5.24% higher than SMA200.
Acadian Asset Management LLC acquired 3.53 million shares of MINISO Group Holding Ltd ADR having value of about $89.48 million. Data submitted at the U.S SEC by Acadian Asset Management LLC revealed that the firm now holds 0.27 million shares in the company valued at close to $5811422.87, or have control over 8.13% stake in the company. MINISO Group Holding Ltd ADR (NYSE: MNSO) currently have 315.92M outstanding shares and institutions hold larger chunk of about 21.32% of that. Holding of mutual funds in the company is about 12.74% while other institutional holders and individual stake holders have control over 8.58% and — of the stake respectively.
The stock has a current market capitalization of $6.92B and its 3Y-monthly beta is at 0.25. PE ratio of stock for trailing 12 months is 24.80, while it has posted earnings per share of $0.88 in the same period. Its PEG reads 3.70 and has Quick Ratio of 1.86 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MNSO, volatility over the week remained 5.00% while standing at 4.59% over the month.
Analysts are in expectations that MINISO Group Holding Ltd ADR (MNSO) stock would likely to be making an EPS of $0.26 in the current quarter, while forecast for next quarter EPS is $0.25 and it is $1.32 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.25 which is $0.26 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 32.84% while it is estimated to increase by 21.21% in next year.
Analysts at 22 brokerage firms have issued recommendations for the MINISO Group Holding Ltd ADR (MNSO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.27. Out of those 22 Wall Street analysts, 16 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
