Quantbot Technologies LP Lowers Stake in Manchester United Ltd. $MANU

Quantbot Technologies LP reduced its stake in shares of Manchester United Ltd. (NYSE:MANU) by 65.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,107 shares of the company’s stock after selling 5,903 shares during the quarter. Quantbot Technologies LP’s holdings in Manchester United were worth $41,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MANU. Infinitum Asset Management LLC purchased a new stake in shares of Manchester United during the fourth quarter valued at $6,420,000. Northern Trust Corp boosted its stake in shares of Manchester United by 59.2% during the fourth quarter. Northern Trust Corp now owns 204,805 shares of the company’s stock valued at $3,553,000 after purchasing an additional 76,181 shares during the period. Ariel Investments LLC boosted its stake in shares of Manchester United by 0.8% during the fourth quarter. Ariel Investments LLC now owns 8,369,522 shares of the company’s stock valued at $145,211,000 after purchasing an additional 64,997 shares during the period. Lancaster Investment Management boosted its stake in shares of Manchester United by 7.8% during the first quarter. Lancaster Investment Management now owns 880,351 shares of the company’s stock valued at $11,524,000 after purchasing an additional 64,000 shares during the period. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Manchester United during the fourth quarter valued at $783,000. 23.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Manchester United from a “sell” rating to a “hold” rating in a research note on Saturday, May 31st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $23.00.

Manchester United Stock Up 2.3%

NYSE:MANU opened at $17.85 on Friday. Manchester United Ltd. has a 1-year low of $12.05 and a 1-year high of $19.65. The company has a 50-day moving average of $17.70 and a 200 day moving average of $15.50. The firm has a market cap of $3.02 billion, a PE ratio of -36.42 and a beta of 0.71. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.39 and a quick ratio of 0.37.

Manchester United (NYSE:MANU) last released its quarterly earnings data on Friday, June 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.29. The company had revenue of $203.10 million during the quarter, compared to analyst estimates of $159.13 million. Manchester United had a negative net margin of 10.09% and a negative return on equity of 22.40%. During the same period in the prior year, the firm earned ($0.24) earnings per share. Manchester United has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Manchester United Ltd. will post -0.74 EPS 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.