9,010 Shares in Manchester United plc (NYSE:MANU) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of Manchester United plc (NYSE:MANU) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,010 shares of the company’s stock, valued at approximately $156,000.

Other large investors have also made changes to their positions in the company. Harvey Partners LLC boosted its stake in Manchester United by 156.9% in the 3rd quarter. Harvey Partners LLC now owns 740,000 shares of the company’s stock worth $11,973,000 after purchasing an additional 452,000 shares during the period. Lancaster Investment Management boosted its position in shares of Manchester United by 45.2% during the fourth quarter. Lancaster Investment Management now owns 816,351 shares of the company’s stock worth $14,164,000 after acquiring an additional 254,280 shares during the last quarter. Janus Henderson Group PLC grew its stake in Manchester United by 24.5% during the third quarter. Janus Henderson Group PLC now owns 614,965 shares of the company’s stock valued at $9,950,000 after acquiring an additional 121,211 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Manchester United by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,335 shares of the company’s stock valued at $960,000 after acquiring an additional 16,991 shares during the last quarter. Finally, PDT Partners LLC purchased a new stake in Manchester United in the 3rd quarter worth $274,000. 23.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MANU has been the topic of several research reports. UBS Group initiated coverage on Manchester United in a report on Tuesday, December 17th. They issued a “buy” rating and a $23.00 target price on the stock. StockNews.com raised Manchester United to a “sell” rating in a research note on Tuesday, January 21st.

Manchester United Price Performance

MANU stock opened at $13.42 on Monday. Manchester United plc has a 52 week low of $13.20 and a 52 week high of $18.42. The firm has a market capitalization of $2.27 billion, a P/E ratio of -13.16 and a beta of 0.66. The company has a fifty day simple moving average of $14.88 and a two-hundred day simple moving average of $16.08. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62.

Manchester United (NYSE:MANU) last announced 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. The firm had revenue of $254.62 million for the quarter, compared to analysts’ expectations of $248.15 million. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. 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.