ExodusPoint Capital Management LP Has $311,000 Holdings in Manchester United plc (NYSE:MANU)

ExodusPoint Capital Management LP cut its holdings in Manchester United plc (NYSE:MANU - Free Report) by 78.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,947 shares of the company's stock after selling 65,609 shares during the period. ExodusPoint Capital Management LP's holdings in Manchester United were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in shares of Manchester United by 129.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock valued at $37,000 after buying an additional 1,188 shares in the last quarter. Blue Trust Inc. lifted its stake in Manchester United by 127.7% in the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock valued at $58,000 after acquiring an additional 1,883 shares during the last quarter. R Squared Ltd acquired a new position in shares of Manchester United during the 4th quarter worth about $130,000. Quantbot Technologies LP acquired a new position in shares of Manchester United during the 4th quarter worth about $156,000. Finally, National Bank of Canada FI lifted its stake in Manchester United by 213.1% in the 4th quarter. National Bank of Canada FI now owns 9,686 shares of the company's stock valued at $168,000 after purchasing an additional 6,592 shares during the last quarter. Institutional investors own 23.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MANU. UBS Group assumed coverage on Manchester United in a research report on Tuesday, December 17th. They set a "buy" rating and a $23.00 price target on the stock. StockNews.com upgraded Manchester United to a "sell" rating in a research note on Tuesday, January 21st.

Remove Ads

Manchester United Stock Performance

Manchester United stock traded up $0.20 during trading hours on Tuesday, hitting $14.07. The company had a trading volume of 180,114 shares, compared to its average volume of 304,714. The firm has a 50-day moving average of $14.07 and a 200 day moving average of $15.79. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.41 and a quick ratio of 0.35. The firm has a market cap of $2.38 billion, a PE ratio of -13.79 and a beta of 0.64. Manchester United plc has a one year low of $12.05 and a one year high of $18.42.

Manchester United (NYSE:MANU - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The company had revenue of $254.62 million for the quarter, compared to analyst estimates of $248.15 million. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. On average, sell-side analysts expect that Manchester United plc will post -0.74 earnings per share for the current year.

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.