Goldman Sachs Group Inc. Sells 14,668 Shares of Manchester United Ltd. $MANU

Goldman Sachs Group Inc. reduced its holdings in shares of Manchester United Ltd. (NYSE:MANU) by 29.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,145 shares of the company’s stock after selling 14,668 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Manchester United were worth $460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MANU. Simon Quick Advisors LLC bought a new position in shares of Manchester United during the 1st quarter worth approximately $137,000. Entropy Technologies LP bought a new stake in Manchester United in the 1st quarter valued at $142,000. Vident Advisory LLC boosted its stake in Manchester United by 7.7% in the 1st quarter. Vident Advisory LLC now owns 14,578 shares of the company’s stock valued at $191,000 after purchasing an additional 1,043 shares during the period. Virtu Financial LLC bought a new stake in Manchester United in the 1st quarter valued at $196,000. Finally, State of Wyoming boosted its stake in Manchester United by 111.4% in the 1st quarter. State of Wyoming now owns 19,915 shares of the company’s stock valued at $261,000 after purchasing an additional 10,493 shares during the period. 23.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded 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, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $23.00.

Manchester United Stock Performance

NYSE:MANU opened at $15.42 on Friday. The stock has a fifty day moving average price of $16.91 and a 200-day moving average price of $15.67. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -61.67 and a beta of 0.69. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.36 and a current ratio of 0.38. Manchester United Ltd. has a fifty-two week low of $12.05 and a fifty-two week high of $19.65.

Manchester United (NYSE:MANU) last released its earnings results on Wednesday, September 17th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $219.20 million during the quarter, compared to the consensus estimate of $166.63 million. Manchester United had a negative return on equity of 9.58% and a negative net margin of 4.92%. Manchester United has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that Manchester United Ltd. will post -0.74 EPS for the current fiscal year.

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.