Gamco Investors INC. ET AL Purchases 59,000 Shares of Manchester United plc (NYSE:MANU)

Gamco Investors INC. ET AL lifted its position in shares of Manchester United plc (NYSE:MANU - Free Report) by 35.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 223,400 shares of the company's stock after acquiring an additional 59,000 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.13% of Manchester United worth $3,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gabelli Funds LLC raised its holdings in Manchester United by 3.4% during the 4th quarter. Gabelli Funds LLC now owns 395,908 shares of the company's stock valued at $6,869,000 after acquiring an additional 13,044 shares during the period. Jump Financial LLC purchased a new position in shares of Manchester United in the fourth quarter valued at $482,000. XTX Topco Ltd bought a new stake in shares of Manchester United during the 4th quarter valued at $493,000. Mariner LLC lifted its holdings in Manchester United by 134.0% during the 4th quarter. Mariner LLC now owns 58,681 shares of the company's stock worth $1,018,000 after purchasing an additional 33,604 shares in the last quarter. Finally, Breach Inlet Capital Management LLC boosted its stake in Manchester United by 58.0% in the 4th quarter. Breach Inlet Capital Management LLC now owns 664,856 shares of the company's stock worth $11,535,000 after purchasing an additional 243,977 shares during the period. Institutional investors own 23.34% of the company's stock.

Manchester United Stock Up 0.6 %

MANU opened at $13.89 on Friday. The business's fifty day simple moving average is $13.98 and its 200 day simple moving average is $15.76. Manchester United plc has a 52 week low of $12.05 and a 52 week high of $18.42. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62. The stock has a market cap of $2.35 billion, a PE ratio of -13.62 and a beta of 0.64.

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

Analyst Ratings Changes

Separately, StockNews.com raised shares of Manchester United to a "sell" rating in a report on Tuesday, January 21st.

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.

Want to see what other hedge funds are holding MANU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manchester United plc (NYSE:MANU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.