Manchester United plc (NYSE:MANU) Position Reduced by Deutsche Bank AG

Deutsche Bank AG decreased its position in shares of Manchester United plc (NYSE:MANU) by 93.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,497 shares of the company’s stock after selling 127,625 shares during the period. Deutsche Bank AG’s holdings in Manchester United were worth $165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ariel Investments LLC raised its holdings in Manchester United by 0.8% during the fourth quarter. Ariel Investments LLC now owns 8,369,522 shares of the company’s stock worth $145,211,000 after purchasing an additional 64,997 shares in the last quarter. Lancaster Investment Management raised its holdings in Manchester United by 45.2% during the fourth quarter. Lancaster Investment Management now owns 816,351 shares of the company’s stock worth $14,164,000 after purchasing an additional 254,280 shares in the last quarter. Breach Inlet Capital Management LLC raised its holdings in Manchester United by 58.0% during the fourth quarter. Breach Inlet Capital Management LLC now owns 664,856 shares of the company’s stock worth $11,535,000 after purchasing an additional 243,977 shares in the last quarter. Gabelli Funds LLC raised its holdings in Manchester United by 3.4% during the fourth quarter. Gabelli Funds LLC now owns 395,908 shares of the company’s stock worth $6,869,000 after purchasing an additional 13,044 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Manchester United by 35.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 223,400 shares of the company’s stock worth $3,876,000 after purchasing an additional 59,000 shares in the last quarter. Institutional investors own 23.34% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Manchester United from a “sell” rating to a “hold” rating in a report on Saturday.

Manchester United Price Performance

NYSE MANU opened at $14.09 on Tuesday. The stock has a market capitalization of $2.39 billion, a P/E ratio of -13.81 and a beta of 0.59. Manchester United plc has a 1 year low of $12.05 and a 1 year high of $18.42. The business’s fifty day moving average is $13.76 and its two-hundred day moving average is $15.18. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.35 and a current ratio of 0.41.

About Manchester United

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.