Barclays PLC boosted its stake in Manchester United plc (NYSE:MANU – Free Report) by 3.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 106,234 shares of the company’s stock after purchasing an additional 3,543 shares during the period. Barclays PLC owned about 0.06% of Manchester United worth $2,590,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in Manchester United by 4,255.3% in the 1st quarter. Citigroup Inc. now owns 3,310 shares of the company’s stock valued at $48,000 after purchasing an additional 3,234 shares during the last quarter. US Bancorp DE increased its holdings in Manchester United by 51.8% in the 1st quarter. US Bancorp DE now owns 3,372 shares of the company’s stock valued at $75,000 after purchasing an additional 1,151 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Manchester United by 1,267.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,511 shares of the company’s stock valued at $86,000 after purchasing an additional 6,035 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Manchester United in the 2nd quarter valued at approximately $90,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Manchester United in the 2nd quarter valued at approximately $114,000. Institutional investors and hedge funds own 23.34% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Manchester United to a “sell” rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $25.50.
Manchester United Stock Performance
NYSE:MANU opened at $17.93 on Tuesday. The company has a fifty day simple moving average of $18.81 and a two-hundred day simple moving average of $20.64. The company has a market cap of $2.95 billion, a price-to-earnings ratio of -89.65 and a beta of 0.74. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 4.88. Manchester United plc has a 52 week low of $12.55 and a 52 week high of $27.34.
Manchester United (NYSE:MANU – Get Free Report) last posted its quarterly earnings results on Thursday, October 26th. The company reported ($0.08) EPS for the quarter. The business had revenue of $209.45 million during the quarter. Manchester United had a negative return on equity of 40.60% and a negative net margin of 4.38%. As a group, equities analysts anticipate that Manchester United plc will post -0.25 earnings per share for the current fiscal year.
Manchester United 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.
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