Lancaster Investment Management boosted its holdings in shares of Manchester United plc (NYSE:MANU - Free Report) by 45.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 816,351 shares of the company's stock after purchasing an additional 254,280 shares during the quarter. Manchester United comprises about 12.5% of Lancaster Investment Management's investment portfolio, making the stock its 3rd largest position. Lancaster Investment Management owned about 0.48% of Manchester United worth $14,164,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. 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 acquiring an additional 1,188 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Manchester United in the third quarter valued at $49,000. Blue Trust Inc. raised its stake 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 acquiring an additional 1,883 shares during the period. R Squared Ltd bought a new position in shares of Manchester United in the fourth quarter worth about $130,000. Finally, Krilogy Financial LLC bought a new position in shares of Manchester United in the fourth quarter worth about $208,000. Hedge funds and other institutional investors own 23.34% of the company's stock.
Manchester United Trading Down 2.0 %
NYSE MANU opened at $13.52 on Thursday. The company's 50-day moving average price is $15.57 and its 200-day moving average price is $16.37. The company has a current ratio of 0.41, a quick ratio of 0.35 and a debt-to-equity ratio of 2.62. The stock has a market cap of $2.29 billion, a PE ratio of -13.25 and a beta of 0.66. Manchester United plc has a 12 month low of $13.42 and a 12 month high of $18.42.
Manchester United (NYSE:MANU - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. The company had revenue of $254.62 million for the quarter, compared to analysts' expectations of $248.15 million. Equities research analysts forecast that Manchester United plc will post -0.74 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on MANU shares. UBS Group started coverage on shares of Manchester United in a report on Tuesday, December 17th. They issued a "buy" rating and a $23.00 price target on the stock. StockNews.com upgraded shares of Manchester United to a "sell" rating in a report on Tuesday, January 21st.
Get Our Latest Stock Analysis on MANU
Manchester United Profile
(
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.
Recommended Stories
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.
Before you consider Manchester United, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manchester United wasn't on the list.
While Manchester United currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
