Nkcfo LLC Makes New $113,000 Investment in Manchester United plc (NYSE:MANU)

Nkcfo LLC bought a new stake in Manchester United plc (NYSE:MANU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,000 shares of the company’s stock, valued at approximately $113,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in Manchester United during the 2nd quarter worth about $364,000. Pinnacle Associates Ltd. increased its holdings in shares of Manchester United by 15.9% in the second quarter. Pinnacle Associates Ltd. now owns 1,351,534 shares of the company’s stock worth $21,814,000 after acquiring an additional 185,271 shares in the last quarter. Emfo LLC acquired a new stake in shares of Manchester United during the second quarter worth about $50,000. Krilogy Financial LLC lifted its holdings in shares of Manchester United by 80.0% during the 2nd quarter. Krilogy Financial LLC now owns 36,000 shares of the company’s stock valued at $581,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Dnca Finance acquired a new position in shares of Manchester United in the 2nd quarter valued at approximately $53,000. Institutional investors own 23.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Manchester United from $16.00 to $18.50 and gave the company a “hold” rating in a research note on Wednesday, July 24th. StockNews.com raised shares of Manchester United to a “sell” rating in a research report on Tuesday, June 18th.

Manchester United Trading Down 2.0 %

Manchester United stock opened at $15.97 on Friday. The company has a debt-to-equity ratio of 5.28, a current ratio of 0.37 and a quick ratio of 0.36. The firm has a 50-day moving average of $16.88 and a 200-day moving average of $16.05. The company has a market cap of $2.63 billion, a price-to-earnings ratio of -25.76 and a beta of 0.69. Manchester United plc has a one year low of $13.50 and a one year high of $22.00.

Manchester United (NYSE:MANU) last posted its quarterly earnings results on Wednesday, July 10th. The company reported ($0.31) earnings per share for the quarter. Manchester United had a negative return on equity of 68.53% and a negative net margin of 17.28%. The company had revenue of $173.36 million for the quarter. On average, equities analysts expect that Manchester United plc will post -0.45 earnings per share for the current fiscal year.

About Manchester United

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.