https://www.marketbeat.com/instant-alerts/nyse-Man Utd-sec-filing-2023-06-21/
Just some shares movements amongst the investment funds.
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CHICAGO TRUST Co NA cut its holdings in Manchester United plc (NYSE:Man Utd - Get Rating) by 35.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,371 shares of the company's stock after selling 6,278 shares during the period. CHICAGO TRUST Co NA's holdings in Manchester United were worth $252,000 at the end of the most recent reporting period.
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Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ariel Investments LLC raised its stake in shares of Manchester United by 12.4% during the first quarter. Ariel Investments LLC now owns 12,289,486 shares of the company's stock valued at $177,829,000 after acquiring an additional 1,355,427 shares during the last quarter. Lindsell Train Ltd raised its stake in shares of Manchester United by 0.9% during the fourth quarter. Lindsell Train Ltd now owns 11,018,676 shares of the company's stock valued at $257,011,000 after acquiring an additional 93,500 shares during the last quarter. Invesco Ltd. raised its stake in shares of Manchester United by 26.3% during the first quarter. Invesco Ltd. now owns 2,869,363 shares of the company's stock valued at $41,520,000 after acquiring an additional 597,906 shares during the last quarter. Marathon Asset Management Ltd raised its stake in shares of Manchester United by 8.1% during the fourth quarter. Marathon Asset Management Ltd now owns 2,362,700 shares of the company's stock valued at $55,120,000 after acquiring an additional 176,792 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Manchester United by 157.4% during the second quarter. Millennium Management LLC now owns 1,237,950 shares of the company's stock valued at $13,766,000 after acquiring an additional 757,060 shares during the last quarter. 23.90% of the stock is owned by institutional investors.
Manchester United Price Performance
Shares of Man Utd opened at $22.50 on Wednesday. The stock has a market cap of $3.71 billion, a PE ratio of -24.46 and a beta of 0.68. The company has a debt-to-equity ratio of 4.88, a quick ratio of 0.40 and a current ratio of 0.40. Manchester United plc has a fifty-two week low of $10.41 and a fifty-two week high of $27.34. The firm's 50-day simple moving average is $20.14 and its two-hundred day simple moving average is $21.68.
Manchester United (NYSE:Man Utd - Get Rating) last announced its quarterly earnings data on Thursday, March 30th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.06). The business had revenue of $196.48 million during the quarter, compared to analysts' expectations of $170.80 million. Manchester United had a negative return on equity of 45.01% and a negative net margin of 20.86%. Analysts anticipate that Manchester United plc will post -0.26 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. TheStreet downgraded shares of Manchester United from a "c-" rating to a "d+" rating in a research note on Wednesday, March 29th. StockNews.com upgraded shares of Manchester United to a "sell" rating in a research report on Monday, March 27th.
Manchester United Profile
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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.