Gabelli Funds LLC Boosts Stock Position in Manchester United plc (NYSE:MANU)

Gabelli Funds LLC grew its holdings in shares of Manchester United plc (NYSE:MANU) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 395,908 shares of the company’s stock after buying an additional 13,044 shares during the period. Gabelli Funds LLC owned 0.23% of Manchester United worth $6,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in MANU. EverSource Wealth Advisors LLC boosted its holdings in Manchester United by 129.0% in the fourth 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 in the last quarter. Blue Trust Inc. raised its stake in Manchester United by 127.7% during the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after acquiring an additional 1,883 shares in the last quarter. R Squared Ltd purchased a new stake in Manchester United in the fourth quarter valued at $130,000. Quantbot Technologies LP purchased a new position in shares of Manchester United during the fourth quarter worth about $156,000. Finally, National Bank of Canada FI increased its position in shares of Manchester United by 213.1% during the fourth quarter. National Bank of Canada FI now owns 9,686 shares of the company’s stock worth $168,000 after purchasing an additional 6,592 shares in the last quarter. 23.34% of the stock is owned by institutional investors and hedge funds.

Manchester United Stock Down 1.8 %

Shares of NYSE:MANU opened at $13.80 on Thursday. The firm has a fifty day moving average price of $14.03 and a 200 day moving average price of $15.77. Manchester United plc has a 1-year low of $12.05 and a 1-year high of $18.42. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.41 and a quick ratio of 0.35. The stock has a market cap of $2.34 billion, a P/E ratio of -13.53 and a beta of 0.64.

Manchester United (NYSE:MANU) last issued its quarterly 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 return on equity of 44.76% and a negative net margin of 21.46%. Sell-side analysts predict that Manchester United plc will post -0.74 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Manchester United to a “sell” rating in a research note on Tuesday, January 21st.

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.