Manchester United Ltd. $MANU is Breach Inlet Capital Management LLC’s 5th Largest Position

Breach Inlet Capital Management LLC lifted its position in Manchester United Ltd. (NYSE:MANU) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,223,216 shares of the company’s stock after purchasing an additional 41,933 shares during the quarter. Manchester United accounts for about 9.2% of Breach Inlet Capital Management LLC’s holdings, making the stock its 5th largest holding. Breach Inlet Capital Management LLC owned approximately 0.71% of Manchester United worth $19,474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cooperman Leon G boosted its holdings in shares of Manchester United by 0.6% in the 3rd quarter. Cooperman Leon G now owns 2,857,877 shares of the company’s stock worth $43,268,000 after purchasing an additional 18,140 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in Manchester United by 30.4% during the 4th quarter. Pinnacle Associates Ltd. now owns 1,404,151 shares of the company’s stock valued at $22,354,000 after acquiring an additional 327,553 shares during the period. Harvey Partners LLC boosted its holdings in Manchester United by 15.8% during the 3rd quarter. Harvey Partners LLC now owns 1,102,500 shares of the company’s stock valued at $16,692,000 after acquiring an additional 150,802 shares during the period. Lancaster Investment Management boosted its holdings in Manchester United by 1.0% during the 4th quarter. Lancaster Investment Management now owns 899,416 shares of the company’s stock valued at $14,319,000 after acquiring an additional 9,065 shares during the period. Finally, UBS Group AG boosted its holdings in Manchester United by 19.8% during the 4th quarter. UBS Group AG now owns 568,378 shares of the company’s stock valued at $9,049,000 after acquiring an additional 93,953 shares during the period. 23.34% of the stock is currently owned by hedge funds and other institutional investors.

Manchester United Trading Down 3.4%

Shares of MANU stock opened at $21.81 on Thursday. The stock has a market capitalization of $3.76 billion, a PE ratio of -155.80 and a beta of 0.61. Manchester United Ltd. has a 1-year low of $14.59 and a 1-year high of $24.22. The business has a 50-day moving average of $19.63 and a 200 day moving average of $17.73. 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 issued its 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 positive return on equity of 0.64% and a negative net margin of 2.67%.The company had revenue of $250.96 million during the quarter, compared to analysts’ expectations of $220.94 million.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Manchester United from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Weiss Ratings upgraded Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.