Manchester United plc (NYSE:MANU) Shares Sold by Ionic Capital Management LLC

Ionic Capital Management LLC reduced its stake in shares of Manchester United plc (NYSE:MANU) by 27.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,180 shares of the company’s stock after selling 13,120 shares during the quarter. Ionic Capital Management LLC’s holdings in Manchester United were worth $593,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MANU. JPMorgan Chase & Co. lifted its position in shares of Manchester United by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 59,335 shares of the company’s stock worth $960,000 after purchasing an additional 16,991 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in Manchester United by 15.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 16,900 shares of the company’s stock worth $293,000 after buying an additional 2,300 shares during the period. Krilogy Financial LLC acquired a new position in Manchester United in the 4th quarter worth $208,000. Blue Trust Inc. lifted its holdings in Manchester United by 186.9% in the 4th quarter. Blue Trust Inc. now owns 4,232 shares of the company’s stock worth $68,000 after buying an additional 2,757 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Manchester United in the 4th quarter valued at about $130,000. 23.34% of the stock is owned by institutional investors and hedge funds.

Manchester United Stock Performance

Shares of Manchester United stock opened at $14.31 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.35 and a current ratio of 0.41. Manchester United plc has a 1 year low of $12.05 and a 1 year high of $18.42. The firm’s 50-day simple moving average is $13.65 and its 200-day simple moving average is $15.51. The firm has a market cap of $2.42 billion, a PE ratio of -14.03 and a beta of 0.59.

Manchester United (NYSE:MANU) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. The firm had revenue of $254.62 million for the quarter, compared to analysts’ expectations of $248.15 million. Equities analysts forecast that Manchester United plc will post -0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Manchester United to a “sell” rating in a research note on Tuesday, January 21st.

Manchester United 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.