Quantbot Technologies LP Acquires Shares of 9,010 Manchester United plc (NYSE:MANU)

Quantbot Technologies LP purchased a new stake in shares of Manchester United plc (NYSE:MANU) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,010 shares of the company’s stock, valued at approximately $156,000.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Manchester United by 129.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock valued at $37,000 after purchasing an additional 1,188 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Manchester United by 127.7% during the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock valued at $58,000 after purchasing an additional 1,883 shares in the last quarter. R Squared Ltd purchased a new position in shares of Manchester United during the fourth quarter valued at about $130,000. Krilogy Financial LLC bought a new position in Manchester United in the fourth quarter worth about $208,000. Finally, Verition Fund Management LLC purchased a new stake in Manchester United in the third quarter worth about $209,000. Institutional investors own 23.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MANU shares. StockNews.com upgraded Manchester United to a “sell” rating in a research report on Tuesday, January 21st. UBS Group assumed coverage on shares of Manchester United in a report on Tuesday, December 17th. They set a “buy” rating and a $23.00 target price for the company.

Manchester United Stock Performance

Shares of MANU opened at $13.42 on Monday. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -13.16 and a beta of 0.66. The business’s fifty day simple moving average is $14.88 and its two-hundred day simple moving average is $16.08. Manchester United plc has a 12 month low of $13.20 and a 12 month high of $18.42. The company has a current ratio of 0.41, a quick ratio of 0.35 and a debt-to-equity ratio of 2.62.

Manchester United (NYSE:MANU) last posted its earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. The business had revenue of $254.62 million for the quarter, compared to analysts’ expectations of $248.15 million. Research analysts anticipate that Manchester United plc will post -0.74 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.