Janus Henderson Group PLC Has $9.95 Million Position in Manchester United plc (NYSE:MANU)

Janus Henderson Group PLC lifted its stake in Manchester United plc (NYSE:MANU - Free Report) by 24.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 614,965 shares of the company's stock after buying an additional 121,211 shares during the period. Janus Henderson Group PLC owned about 0.36% of Manchester United worth $9,950,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Ariel Investments LLC raised its holdings in Manchester United by 50.9% in the 2nd quarter. Ariel Investments LLC now owns 8,007,070 shares of the company's stock valued at $129,234,000 after acquiring an additional 2,700,337 shares in the last quarter. Harvey Partners LLC raised its stake in shares of Manchester United by 156.9% in the third quarter. Harvey Partners LLC now owns 740,000 shares of the company's stock valued at $11,973,000 after purchasing an additional 452,000 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Manchester United by 10.7% in the second quarter. Gabelli Funds LLC now owns 377,383 shares of the company's stock valued at $6,091,000 after purchasing an additional 36,507 shares in the last quarter. Lancaster Investment Management bought a new position in Manchester United in the third quarter worth $9,094,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Manchester United during the second quarter worth $686,000. 23.34% of the stock is owned by institutional investors and hedge funds.

Manchester United Price Performance

NYSE MANU traded down $0.25 during trading on Monday, reaching $17.15. 289,166 shares of the company traded hands, compared to its average volume of 699,290. Manchester United plc has a 1-year low of $13.50 and a 1-year high of $22.00. The company has a market cap of $2.90 billion, a price-to-earnings ratio of -25.98 and a beta of 0.68. The stock's 50 day moving average price is $16.73 and its two-hundred day moving average price is $16.70. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.35 and a current ratio of 0.36.

Manchester United (NYSE:MANU - Get Free Report) last posted its earnings results on Wednesday, September 11th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. Manchester United had a negative return on equity of 37.41% and a negative net margin of 13.36%. The business had revenue of $179.43 million during the quarter, compared to the consensus estimate of $180.82 million. As a group, analysts anticipate that Manchester United plc will post -0.54 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Manchester United to a "sell" rating in a research note on Wednesday, December 4th.

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.