Lindsell Train Ltd cut its stake in Manchester United plc (NYSE:MANU - Free Report) by 10.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,371,000 shares of the company's stock after selling 760,283 shares during the quarter. Manchester United accounts for about 2.3% of Lindsell Train Ltd's investment portfolio, making the stock its 10th largest holding. Lindsell Train Ltd owned 3.87% of Manchester United worth $103,083,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in Manchester United by 912.0% in the first quarter. BNP Paribas Financial Markets now owns 2,277 shares of the company's stock worth $32,000 after purchasing an additional 2,052 shares during the last quarter. Emfo LLC bought a new stake in Manchester United during the second quarter valued at approximately $50,000. Dnca Finance purchased a new stake in Manchester United during the second quarter valued at approximately $53,000. Nkcfo LLC bought a new position in Manchester United in the second quarter worth approximately $113,000. Finally, Garner Asset Management Corp purchased a new position in shares of Manchester United during the 1st quarter worth $153,000. Institutional investors own 23.34% of the company's stock.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft raised their target price on Manchester United from $16.00 to $18.50 and gave the stock a "hold" rating in a report on Wednesday, July 24th.
Get Our Latest Stock Analysis on MANU
Manchester United Stock Performance
Shares of NYSE:MANU traded up $0.01 during mid-day trading on Friday, reaching $16.47. 121,510 shares of the company traded hands, compared to its average volume of 773,020. The company's 50 day moving average price is $16.64 and its 200-day moving average price is $16.35. The firm has a market cap of $2.71 billion, a PE ratio of -26.56 and a beta of 0.69. Manchester United plc has a 52 week low of $13.50 and a 52 week high of $22.00. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.36 and a quick ratio of 0.35.
Manchester United (NYSE:MANU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 11th. The company reported ($0.20) earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.02. The business had revenue of $179.43 million during the quarter, compared to analyst estimates of $180.82 million. Manchester United had a negative net margin of 17.28% and a negative return on equity of 55.05%. On average, equities analysts expect that Manchester United plc will post -0.73 EPS for the current fiscal year.
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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