Bleakley Financial Group LLC boosted its holdings in shares of Manchester United Ltd. (NYSE:MANU – Free Report) by 33.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,305 shares of the company’s stock after buying an additional 34,855 shares during the quarter. Bleakley Financial Group LLC’s holdings in Manchester United were worth $2,202,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Harvey Partners LLC increased its holdings in Manchester United by 15.8% during the third quarter. Harvey Partners LLC now owns 1,102,500 shares of the company’s stock valued at $16,692,000 after buying an additional 150,802 shares during the period. Tudor Investment Corp ET AL purchased a new position in Manchester United during the third quarter valued at approximately $1,110,000. Gamco Investors INC. ET AL increased its holdings in Manchester United by 100.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 523,851 shares of the company’s stock valued at $8,340,000 after buying an additional 261,901 shares during the period. UBS Group AG increased its holdings in Manchester United by 19.8% during the fourth quarter. UBS Group AG now owns 568,378 shares of the company’s stock valued at $9,049,000 after buying an additional 93,953 shares during the period. Finally, Gabelli Funds LLC increased its holdings in Manchester United by 20.6% during the fourth quarter. Gabelli Funds LLC now owns 490,663 shares of the company’s stock valued at $7,811,000 after buying an additional 83,900 shares during the period. 23.34% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Manchester United from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Manchester United presently has an average rating of “Sell”.
Manchester United Price Performance
Shares of MANU opened at $22.28 on Thursday. The company has a market cap of $3.84 billion, a price-to-earnings ratio of -318.30 and a beta of 0.59. Manchester United Ltd. has a twelve month low of $13.80 and a twelve month high of $22.94. The company has a quick ratio of 0.30, a current ratio of 0.32 and a debt-to-equity ratio of 2.52. The company has a 50 day moving average of $18.00 and a two-hundred day moving average of $17.03.
Manchester United (NYSE:MANU – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.10. The business had revenue of $250.96 million during the quarter, compared to analysts’ expectations of $220.94 million. Manchester United had a negative net margin of 1.39% and a negative return on equity of 4.85%.
About Manchester United
Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.
The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.
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