Manchester United plc (NYSE:MANU) Shares Sold by LPL Financial LLC

LPL Financial LLC reduced its position in Manchester United plc (NYSE:MANU) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,469 shares of the company’s stock after selling 8,862 shares during the period. LPL Financial LLC’s holdings in Manchester United were worth $1,240,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in Manchester United by 129.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock valued at $37,000 after purchasing an additional 1,188 shares during the last quarter. Blue Trust Inc. lifted its stake in Manchester United by 127.7% in the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after acquiring an additional 1,883 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in Manchester United by 15.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 16,900 shares of the company’s stock valued at $293,000 after purchasing an additional 2,300 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Manchester United by 23.8% during the 4th quarter. Bleakley Financial Group LLC now owns 23,992 shares of the company’s stock valued at $416,000 after purchasing an additional 4,606 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Manchester United during the fourth quarter worth approximately $130,000. 23.34% of the stock is owned by institutional investors and hedge funds.

Manchester United Stock Performance

Shares of MANU opened at $13.89 on Friday. The firm’s 50 day moving average price is $13.93 and its two-hundred day moving average price is $15.74. Manchester United plc has a twelve month low of $12.05 and a twelve month high of $18.42. The firm has a market cap of $2.35 billion, a P/E ratio of -13.62 and a beta of 0.64. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.35 and a current ratio of 0.41.

Manchester United (NYSE:MANU) last issued its earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. The company had revenue of $254.62 million during the quarter, compared to the consensus estimate of $248.15 million. On average, analysts forecast that Manchester United plc will post -0.74 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised Manchester United to a “sell” rating in a report on Tuesday, January 21st.

Manchester United Company 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.