Antara Capital LP Purchases 164,450 Shares of Manchester United plc (NYSE:MANU)

Antara Capital LP boosted its position in shares of Manchester United plc (NYSE:MANU - Free Report) by 822.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,450 shares of the company's stock after purchasing an additional 164,450 shares during the period. Manchester United comprises 5.0% of Antara Capital LP's holdings, making the stock its 8th largest position. Antara Capital LP owned approximately 0.11% of Manchester United worth $3,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MANU. EverSource Wealth Advisors LLC lifted its stake in Manchester United by 129.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock valued at $37,000 after purchasing an additional 1,188 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Manchester United by 55.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock valued at $37,000 after buying an additional 758 shares during the period. Blue Trust Inc. lifted its position in shares of 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 buying an additional 1,883 shares during the last quarter. R Squared Ltd bought a new position in shares of Manchester United during the 4th quarter worth approximately $130,000. Finally, Quantbot Technologies LP acquired a new position in shares of Manchester United during the 4th quarter worth approximately $156,000. Institutional investors and hedge funds own 23.34% of the company's stock.

Manchester United Price Performance

Shares of NYSE:MANU traded down $0.01 during trading on Monday, reaching $13.86. 113,897 shares of the company traded hands, compared to its average volume of 290,865. The firm has a market capitalization of $2.35 billion, a PE ratio of -13.59 and a beta of 0.64. 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 company's 50 day moving average is $13.75 and its two-hundred day moving average is $15.66.

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, topping analysts' consensus estimates of ($0.07) by $0.02. The firm had revenue of $254.62 million for the quarter, compared to the consensus estimate 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, sell-side analysts predict that Manchester United plc will post -0.74 earnings per share for the current year.

Analysts Set New Price Targets

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

Manchester United Company 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.