Fox Run Management L.L.C. Makes New Investment in MINISO Group Holding Limited Unsponsored ADR $MNSO

Fox Run Management L.L.C. bought a new stake 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 Securities and Exchange Commission (SEC). The fund bought 56,686 shares of the company’s stock, valued at approximately $1,275,000.

Several other institutional investors and hedge funds have also modified their holdings of MNSO. PNC Financial Services Group Inc. increased its position in MINISO Group by 28.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after acquiring an additional 547 shares during the period. American Century Companies Inc. increased its holdings in shares of MINISO Group by 0.4% during the second quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock worth $2,427,000 after purchasing an additional 595 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of MINISO Group by 37.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after purchasing an additional 608 shares during the period. Envestnet Asset Management Inc. raised its position in shares of MINISO Group by 7.3% in the third quarter. Envestnet Asset Management Inc. now owns 19,214 shares of the company’s stock valued at $432,000 after buying an additional 1,301 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of MINISO Group by 3,465.0% in the second quarter. Hantz Financial Services Inc. now owns 2,139 shares of the company’s stock valued at $39,000 after buying an additional 2,079 shares during the period. 17.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft initiated coverage on MINISO Group in a research note on Tuesday, November 25th. They issued a “buy” rating and a $23.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, MINISO Group presently has a consensus rating of “Moderate Buy” and an average price target of $23.73.

MINISO Group Price Performance

Shares of MNSO stock opened at $19.35 on Thursday. The business has a fifty day simple moving average of $19.35 and a 200 day simple moving average of $21.07. The company has a market cap of $5.99 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.36 and a beta of 0.13. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. MINISO Group Holding Limited Unsponsored ADR has a twelve month low of $13.94 and a twelve month high of $26.74.

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.