Bleakley Financial Group LLC Raises Position in Manchester United Ltd. $MANU

Bleakley Financial Group LLC raised its holdings in shares of Manchester United Ltd. (NYSE:MANU) by 33.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,305 shares of the company’s stock after buying an additional 34,855 shares during the period. Bleakley Financial Group LLC owned about 0.08% of Manchester United worth $2,202,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MANU. Royal Bank of Canada boosted its position in shares of Manchester United by 65.0% during the first quarter. Royal Bank of Canada now owns 77,687 shares of the company’s stock valued at $1,017,000 after buying an additional 30,604 shares during the period. Jane Street Group LLC boosted its position in shares of Manchester United by 156.3% during the first quarter. Jane Street Group LLC now owns 28,558 shares of the company’s stock valued at $374,000 after buying an additional 79,290 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Manchester United by 10.8% during the second quarter. JPMorgan Chase & Co. now owns 207,731 shares of the company’s stock valued at $3,700,000 after buying an additional 20,251 shares during the period. Quantbot Technologies LP boosted its position in shares of Manchester United by 105.3% during the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock valued at $114,000 after buying an additional 3,273 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Manchester United by 48.9% during the second quarter. Marshall Wace LLP now owns 283,574 shares of the company’s stock valued at $5,050,000 after buying an additional 93,111 shares during the period. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Manchester United from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Manchester United Stock Performance

Manchester United stock opened at $22.28 on Thursday. The company has a 50 day moving average price of $18.00 and a 200-day moving average price of $17.03. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.30 and a current ratio of 0.32. Manchester United Ltd. has a fifty-two week low of $13.80 and a fifty-two week high of $22.94. The company has a market capitalization of $3.84 billion, a PE ratio of -318.30 and a beta of 0.59.

Manchester United (NYSE:MANU) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.10. Manchester United had a negative net margin of 1.39% and a negative return on equity of 4.85%. The firm had revenue of $250.96 million during the quarter, compared to the consensus estimate of $220.94 million.

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.