JPMorgan Chase & Co. Acquires 61,786 Shares of Manchester United plc (NYSE:MANU)

JPMorgan Chase & Co. grew its holdings in Manchester United plc (NYSE:MANU - Free Report) by 104.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,121 shares of the company's stock after acquiring an additional 61,786 shares during the quarter. JPMorgan Chase & Co. owned 0.07% of Manchester United worth $2,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fox Run Management L.L.C. bought a new position in Manchester United during the fourth quarter valued at about $302,000. Quantbot Technologies LP bought a new stake in shares of Manchester United during the fourth quarter valued at approximately $156,000. Lancaster Investment Management increased its position in shares of Manchester United by 45.2% during the fourth quarter. Lancaster Investment Management now owns 816,351 shares of the company's stock valued at $14,164,000 after purchasing an additional 254,280 shares during the period. EverSource Wealth Advisors LLC raised 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 purchasing an additional 1,188 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Manchester United by 127.7% in the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock worth $58,000 after purchasing an additional 1,883 shares during the period. Institutional investors and hedge funds own 23.34% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Manchester United to a "sell" rating in a research note on Tuesday, January 21st.

Manchester United Price Performance

NYSE:MANU traded down $0.07 on Friday, reaching $13.88. The stock had a trading volume of 108,563 shares, compared to its average volume of 291,576. 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 has a market capitalization of $2.35 billion, a P/E ratio of -13.61 and a beta of 0.64. Manchester United plc has a 1-year low of $12.05 and a 1-year high of $18.42. The stock has a fifty day moving average price of $13.75 and a 200-day moving average price of $15.66.

Manchester United (NYSE:MANU - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, topping 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 business had revenue of $254.62 million for the quarter, compared to the consensus estimate of $248.15 million. Research analysts forecast that Manchester United plc will post -0.74 EPS for the current year.

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.