River & Mercantile Asset Management LLP Has $700,000 Stock Holdings in Manchester United plc (NYSE:MANU)

River & Mercantile Asset Management LLP raised its holdings in Manchester United plc (NYSE:MANU – Get Rating) by 40.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,780 shares of the company’s stock after acquiring an additional 15,280 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Manchester United were worth $700,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC lifted its stake in Manchester United by 1.8% in the third quarter. Gabelli Funds LLC now owns 223,000 shares of the company’s stock valued at $2,959,000 after acquiring an additional 4,000 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Manchester United by 14.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,732,415 shares of the company’s stock valued at $41,504,000 after purchasing an additional 476,187 shares during the period. Quinn Opportunity Partners LLC bought a new position in shares of Manchester United in the third quarter valued at approximately $4,659,000. Pinnacle Associates Ltd. raised its position in shares of Manchester United by 109.9% in the third quarter. Pinnacle Associates Ltd. now owns 1,085,816 shares of the company’s stock valued at $14,409,000 after purchasing an additional 568,430 shares during the period. Finally, Alterna Wealth Management Inc. bought a new position in shares of Manchester United in the third quarter valued at approximately $133,000. 93.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Manchester United Trading Up 3.0 %

Shares of MANU stock opened at $21.73 on Friday. Manchester United plc has a 1 year low of $10.41 and a 1 year high of $27.34. The firm’s fifty day simple moving average is $22.65 and its 200 day simple moving average is $18.47. The firm has a market capitalization of $3.58 billion, a P/E ratio of -22.17 and a beta of 0.69. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 5.70.

About Manchester United

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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.