Byrne Asset Management LLC decreased its position in Manchester United plc (NYSE:MANU – Free Report) by 23.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,169 shares of the company’s stock after selling 661 shares during the period. Byrne Asset Management LLC’s holdings in Manchester United were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its position in shares of Manchester United by 74.1% in the third quarter. Barclays PLC now owns 184,918 shares of the company’s stock valued at $3,660,000 after purchasing an additional 78,684 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Manchester United by 290.1% in the third quarter. Adage Capital Partners GP L.L.C. now owns 373,964 shares of the company’s stock valued at $7,401,000 after purchasing an additional 278,111 shares during the last quarter. Bamco Inc. NY grew its position in shares of Manchester United by 57.3% in the third quarter. Bamco Inc. NY now owns 1,169,398 shares of the company’s stock valued at $23,142,000 after purchasing an additional 426,040 shares during the last quarter. Eminence Capital LP grew its position in shares of Manchester United by 7.1% in the third quarter. Eminence Capital LP now owns 4,243,661 shares of the company’s stock valued at $83,982,000 after purchasing an additional 279,487 shares during the last quarter. Finally, Senvest Management LLC acquired a new position in shares of Manchester United in the fourth quarter valued at approximately $8,487,000. Institutional investors and hedge funds own 23.34% of the company’s stock.
Manchester United Price Performance
NYSE:MANU traded down $0.24 during trading hours on Tuesday, reaching $16.20. 474,922 shares of the company were exchanged, compared to its average volume of 1,423,256. The company has a market capitalization of $2.67 billion, a P/E ratio of -147.82 and a beta of 0.76. Manchester United plc has a 1-year low of $13.50 and a 1-year high of $26.64. The company has a debt-to-equity ratio of 5.28, a current ratio of 0.37 and a quick ratio of 0.36. The business has a 50 day moving average of $14.76 and a 200 day moving average of $17.76.
Analysts Set New Price Targets
MANU has been the topic of several research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Manchester United from $20.30 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, March 14th. StockNews.com raised Manchester United to a “sell” rating in a research report on Wednesday, April 10th.
View Our Latest Analysis on Manchester United
Manchester United Company Profile
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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