Manchester United plc (NYSE:MANU) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Manchester United plc (NYSE:MANU) by 104.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,121 shares of the company’s stock after purchasing an additional 61,786 shares during the period. JPMorgan Chase & Co. owned about 0.07% of Manchester United worth $2,101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in shares of Manchester United in the 4th quarter valued at $302,000. Quantbot Technologies LP purchased a new position in Manchester United during the 4th quarter worth $156,000. Lancaster Investment Management increased its stake in Manchester United by 45.2% in the fourth quarter. Lancaster Investment Management now owns 816,351 shares of the company’s stock valued at $14,164,000 after purchasing an additional 254,280 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Manchester United by 129.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock valued at $37,000 after buying an additional 1,188 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Manchester United by 127.7% during the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after buying an additional 1,883 shares during the period. Institutional investors and hedge funds own 23.34% of the company’s stock.

Manchester United Stock Down 0.6 %

MANU opened at $14.05 on Thursday. Manchester United plc has a 12 month low of $12.05 and a 12 month high of $18.42. The business has a 50-day moving average of $13.82 and a two-hundred day moving average of $15.69. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.41 and a quick ratio of 0.35. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -13.77 and a beta of 0.64.

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Manchester United to a “sell” rating in a research note 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.