Phoenix Holdings Ltd. grew its stake in Manchester United PLC (NYSE:MANU) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,239 shares of the company’s stock after acquiring an additional 9,623 shares during the quarter. Phoenix Holdings Ltd. owned about 0.33% of Manchester United worth $1,915,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in MANU. Deutsche Bank AG increased its holdings in shares of Manchester United by 629.1% in the 1st quarter. Deutsche Bank AG now owns 6,861 shares of the company’s stock valued at $103,000 after acquiring an additional 5,920 shares during the period. Trexquant Investment LP purchased a new position in Manchester United during the 1st quarter worth $167,000. State Street Corp grew its stake in Manchester United by 16.3% during the 1st quarter. State Street Corp now owns 35,245 shares of the company’s stock worth $530,000 after buying an additional 4,927 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Manchester United by 210.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 43,953 shares of the company’s stock worth $661,000 after buying an additional 29,795 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in Manchester United by 41.4% during the 1st quarter. Gabelli Funds LLC now owns 99,000 shares of the company’s stock worth $1,490,000 after buying an additional 29,000 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.
MANU traded down $0.04 on Thursday, reaching $15.01. 3,216 shares of the stock were exchanged, compared to its average volume of 187,697. The company’s 50-day moving average price is $15.12 and its 200 day moving average price is $16.09. Manchester United PLC has a fifty-two week low of $12.06 and a fifty-two week high of $20.48. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $611.39 million, a PE ratio of -215.25 and a beta of 0.78.
Manchester United (NYSE:MANU) last issued its quarterly earnings results on Thursday, May 21st. The company reported ($4.42) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($4.43). Manchester United had a positive return on equity of 0.20% and a negative net margin of 1.58%. The firm had revenue of $123.71 million for the quarter, compared to analyst estimates of $140.00 million. During the same period in the prior year, the firm posted $0.05 EPS. The business’s revenue was down 18.6% compared to the same quarter last year. As a group, equities analysts forecast that Manchester United PLC will post -0.07 earnings per share for the current fiscal year.
Several research analysts recently weighed in on the company. Zacks Investment Research downgraded Manchester United from a “hold” rating to a “sell” rating in a research note on Wednesday, August 5th. TheStreet downgraded Manchester United from a “c” rating to a “d+” rating in a research note on Thursday, June 4th. Finally, Jefferies Financial Group restated a “buy” rating and set a $18.00 target price on shares of Manchester United in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Manchester United currently has an average rating of “Hold” and a consensus price target of $19.00.
About Manchester United
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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