Manchester United plc (NYSE:MANU) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of Manchester United plc (NYSE:MANU – Get Rating) by 16.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,000 shares of the company’s stock after buying an additional 25,000 shares during the quarter. Federated Hermes Inc. owned approximately 0.11% of Manchester United worth $2,322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in MANU. Citigroup Inc. grew its position in shares of Manchester United by 4,255.3% during the first quarter. Citigroup Inc. now owns 3,310 shares of the company’s stock worth $48,000 after buying an additional 3,234 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Manchester United by 1,267.9% in the third quarter. Tower Research Capital LLC TRC now owns 6,511 shares of the company’s stock worth $86,000 after purchasing an additional 6,035 shares during the period. Quantbot Technologies LP acquired a new position in Manchester United in the second quarter worth $90,000. Alterna Wealth Management Inc. acquired a new position in Manchester United in the third quarter worth $133,000. Finally, SG Americas Securities LLC acquired a new position in Manchester United in the third quarter worth $162,000. Institutional investors and hedge funds own 93.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on MANU shares. StockNews.com raised shares of Manchester United to a “sell” rating in a report on Thursday, December 15th. TheStreet raised shares of Manchester United from a “d+” rating to a “c-” rating in a report on Thursday, February 16th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Manchester United from a “buy” rating to a “hold” rating in a report on Friday, December 9th.

Manchester United Stock Performance

Shares of MANU opened at $20.09 on Friday. Manchester United plc has a 1 year low of $10.41 and a 1 year high of $27.34. The company has a market cap of $3.31 billion, a price-to-earnings ratio of -20.50 and a beta of 0.69. The company has a debt-to-equity ratio of 5.70, a quick ratio of 0.32 and a current ratio of 0.33. The firm has a fifty day moving average of $22.79 and a 200-day moving average of $18.28.

Manchester United (NYSE:MANU – Get Rating) last announced its quarterly earnings results on Thursday, December 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.05. Manchester United had a negative net margin of 20.61% and a negative return on equity of 25.25%. The company had revenue of $143.70 million during the quarter, compared to the consensus estimate of $130.15 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities analysts anticipate that Manchester United plc will post -0.36 earnings per share for the current year.

Manchester United Company Profile

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Manchester United Plc engages in the operation of a professional football club. It operates through the following business segments: Commercial, Broadcasting, and Matchday. The Commercial segment engages in sponsorship, retail, merchandising, apparel and product licensing, and new media and mobile. The Broadcasting segment involves in the distribution and broadcasting of live football content directly and indirectly through increased global exposure for their commercial partners.