Breach Inlet Capital Management LLC Has $11.54 Million Position in Manchester United plc (NYSE:MANU)

Breach Inlet Capital Management LLC boosted its stake in shares of Manchester United plc (NYSE:MANU - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 664,856 shares of the company's stock after buying an additional 243,977 shares during the period. Manchester United makes up about 8.2% of Breach Inlet Capital Management LLC's investment portfolio, making the stock its 8th largest holding. Breach Inlet Capital Management LLC owned 0.39% of Manchester United worth $11,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Manchester United by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,335 shares of the company's stock worth $960,000 after buying an additional 16,991 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Manchester United by 24.5% during the third quarter. Janus Henderson Group PLC now owns 614,965 shares of the company's stock valued at $9,950,000 after purchasing an additional 121,211 shares during the period. Lancaster Investment Management increased its position in Manchester United by 45.2% in the fourth quarter. Lancaster Investment Management now owns 816,351 shares of the company's stock worth $14,164,000 after buying an additional 254,280 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Manchester United in the third quarter worth about $209,000. Finally, Blue Trust Inc. lifted its position in shares of Manchester United by 127.7% during the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock valued at $58,000 after buying an additional 1,883 shares in the last quarter. Institutional investors own 23.34% of the company's stock.

Remove Ads

Manchester United Price Performance

Shares of NYSE:MANU traded up $0.09 during mid-day trading on Thursday, reaching $13.47. The stock had a trading volume of 327,825 shares, compared to its average volume of 308,448. The company has a market cap of $2.28 billion, a P/E ratio of -13.14 and a beta of 0.64. The business's 50 day moving average price is $14.25 and its 200 day moving average price is $15.86. The company has a current ratio of 0.41, a quick ratio of 0.35 and a debt-to-equity ratio of 2.62. Manchester United plc has a 1 year low of $12.05 and a 1 year high of $18.42.

Manchester United (NYSE:MANU - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share 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 the consensus estimate of $248.15 million. Research analysts expect that Manchester United plc will post -0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MANU has been the subject of a number of analyst reports. StockNews.com upgraded Manchester United to a "sell" rating in a research note on Tuesday, January 21st. UBS Group started coverage on Manchester United in a research note on Tuesday, December 17th. They issued a "buy" rating and a $23.00 price target for the company.

About Manchester United

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.