Manchester United Ltd. $MANU Position Increased by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its position in Manchester United Ltd. (NYSE:MANU) by 25.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,440 shares of the company’s stock after buying an additional 35,135 shares during the quarter. Bleakley Financial Group LLC owned approximately 0.10% of Manchester United worth $2,917,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Krilogy Financial LLC boosted its stake in Manchester United by 78.0% in the 1st quarter. Krilogy Financial LLC now owns 87,966 shares of the company’s stock worth $1,517,000 after purchasing an additional 38,550 shares during the period. Corient Private Wealth LLC acquired a new stake in Manchester United during the 4th quarter valued at $257,000. Invesco Ltd. purchased a new stake in shares of Manchester United in the fourth quarter valued at $6,665,000. Millennium Management LLC acquired a new position in Manchester United during the fourth quarter valued at $335,000. Finally, Ionic Capital Management LLC raised its position in Manchester United by 15.2% during the fourth quarter. Ionic Capital Management LLC now owns 39,380 shares of the company’s stock valued at $627,000 after buying an additional 5,200 shares during the period. 23.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on MANU shares. Wall Street Zen raised Manchester United from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Weiss Ratings raised Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Manchester United currently has an average rating of “Sell”.

Manchester United Stock Up 1.7%

Shares of MANU stock opened at $22.43 on Thursday. The stock has a market cap of $3.87 billion, a P/E ratio of -160.17 and a beta of 0.60. Manchester United Ltd. has a one year low of $14.59 and a one year high of $24.22. The stock has a fifty day moving average price of $21.49 and a 200 day moving average price of $18.67. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.37 and a quick ratio of 0.35.

Manchester United (NYSE:MANU) last posted its earnings results on Wednesday, May 27th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.10. The company had revenue of $250.96 million during the quarter, compared to analysts’ expectations of $220.94 million. Manchester United had a negative net margin of 2.67% and a positive return on equity of 0.64%.

Key Headlines Impacting Manchester United

Here are the key news stories impacting Manchester United this week:

• Positive Sentiment: Manchester United are being linked with Manu Koné in active talks, with reports suggesting the club remains serious about adding the French midfielder to the squad. Manu Kone: Fabrizio Romano drops update on United’s pursuit of French midfielder
• Positive Sentiment: Reports indicate United may be able to complete a cut-price deal and save around £35 million on a potential transfer, which would be viewed favorably by investors focused on disciplined spending. Manchester United could save £35m with cut-price deal for World Cup star
• Positive Sentiment: United are also being linked with an imminent midfield move after the recent Youri Tielemans deal, reinforcing the idea that the club is continuing to invest in the squad. Man United learn transfer timeline for next deal after Andrey Santos and Youri Tielemans
• Neutral Sentiment: Several reports note competition from Liverpool and Aston Villa for Koné, which adds uncertainty but does not yet indicate a failed deal. Liverpool is attempting to hijack Manchester United’s transfer…
• Negative Sentiment: If Manchester United miss out on Koné or are forced into a bidding war, transfer costs could rise and the club could end up without one of its reported top targets. Man United enquire over World Cup star to add to midfield revamp after Youri Tielemans transfer

Manchester United Profile

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.