JPMorgan Chase & Co. grew its position in shares of Manchester United plc (NYSE:MANU - Free Report) by 40.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,335 shares of the company's stock after purchasing an additional 16,991 shares during the period. JPMorgan Chase & Co.'s holdings in Manchester United were worth $960,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Harvey Partners LLC increased its stake in Manchester United by 156.9% during the 3rd quarter. Harvey Partners LLC now owns 740,000 shares of the company's stock worth $11,973,000 after buying an additional 452,000 shares during the period. Janus Henderson Group PLC grew its stake in shares of Manchester United by 24.5% in the third quarter. Janus Henderson Group PLC now owns 614,965 shares of the company's stock worth $9,950,000 after acquiring an additional 121,211 shares in the last quarter. Lancaster Investment Management purchased a new stake in shares of Manchester United during the third quarter worth $9,094,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Manchester United in the second quarter valued at $686,000. Finally, Twin Securities Inc. boosted its holdings in Manchester United by 7.0% in the third quarter. Twin Securities Inc. now owns 36,266 shares of the company's stock valued at $587,000 after purchasing an additional 2,358 shares during the period. 23.34% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have weighed in on MANU. StockNews.com upgraded Manchester United to a "sell" rating in a report on Tuesday, January 21st. UBS Group began coverage on Manchester United in a research report on Tuesday, December 17th. They set a "buy" rating and a $23.00 price objective for the company.
View Our Latest Stock Report on MANU
Manchester United Stock Up 0.2 %
Shares of Manchester United stock traded up $0.03 during trading on Friday, hitting $16.23. 99,471 shares of the stock were exchanged, compared to its average volume of 174,743. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.36 and a quick ratio of 0.35. The firm's 50-day moving average price is $16.93 and its 200 day moving average price is $16.80. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -24.59 and a beta of 0.66. Manchester United plc has a 12-month low of $13.50 and a 12-month high of $22.00.
About Manchester United
(
Free Report)
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.
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