Spark Investment Management LLC boosted its holdings in shares of Manchester United PLC (NYSE:MANU) by 65.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,600 shares of the company’s stock after acquiring an additional 16,825 shares during the quarter. Spark Investment Management LLC owned 0.11% of Manchester United worth $818,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of MANU. Acadian Asset Management LLC lifted its holdings in shares of Manchester United by 443.9% in the 4th quarter. Acadian Asset Management LLC now owns 1,686 shares of the company’s stock worth $32,000 after buying an additional 1,376 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of Manchester United in the 4th quarter worth $37,000. Bank of America Corp DE lifted its holdings in shares of Manchester United by 10.5% in the 4th quarter. Bank of America Corp DE now owns 57,383 shares of the company’s stock worth $1,089,000 after buying an additional 5,450 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Manchester United by 2.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 209,488 shares of the company’s stock worth $3,976,000 after buying an additional 5,559 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Manchester United by 47.3% in the 4th quarter. Geode Capital Management LLC now owns 18,378 shares of the company’s stock worth $348,000 after buying an additional 5,905 shares during the period. Institutional investors own 83.04% of the company’s stock.
NYSE:MANU traded down $0.17 during mid-day trading on Friday, hitting $17.87. 17,722 shares of the company’s stock traded hands, compared to its average volume of 59,209. Manchester United PLC has a twelve month low of $16.91 and a twelve month high of $27.70. The firm has a market capitalization of $720.29 million, a P/E ratio of 127.64, a P/E/G ratio of 3.72 and a beta of 0.66. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.08.
Manchester United (NYSE:MANU) last announced its earnings results on Thursday, May 16th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.10. The company had revenue of $152.10 million for the quarter, compared to analyst estimates of $156.97 million. Manchester United had a return on equity of 13.45% and a net margin of 3.67%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.03) EPS. On average, analysts expect that Manchester United PLC will post 0.22 EPS for the current year.
MANU has been the subject of a number of analyst reports. Zacks Investment Research upgraded Manchester United from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, May 22nd. ValuEngine cut Manchester United from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, Deutsche Bank set a $20.00 price objective on Manchester United and gave the stock a “hold” rating in a research note on Wednesday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Manchester United currently has a consensus rating of “Hold” and a consensus target price of $22.75.
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Manchester United Company Profile
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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