12,905 Shares in Manchester United plc (NYSE:MANU) Purchased by Verition Fund Management LLC

Verition Fund Management LLC acquired a new stake in Manchester United plc (NYSE:MANU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,905 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MANU. Brown Brothers Harriman & Co. acquired a new position in shares of Manchester United during the 3rd quarter worth approximately $49,000. Emfo LLC bought a new position in Manchester United during the second quarter worth $50,000. Nkcfo LLC acquired a new position in shares of Manchester United in the second quarter valued at $113,000. Krilogy Financial LLC raised its position in shares of Manchester United by 80.0% in the second 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 during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Manchester United during the 2nd quarter worth about $364,000. Institutional investors own 23.34% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Manchester United to a “sell” rating in a research note on Wednesday, December 4th.

Manchester United Stock Performance

NYSE:MANU opened at $17.33 on Monday. The stock has a 50 day simple moving average of $16.81 and a 200 day simple moving average of $16.72. The stock has a market cap of $2.93 billion, a P/E ratio of -26.26 and a beta of 0.68. Manchester United plc has a 1-year low of $13.50 and a 1-year high of $22.00. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 3.25.

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.