Bleakley Financial Group LLC Grows Stake in Manchester United Ltd. $MANU

Bleakley Financial Group LLC raised its holdings in Manchester United Ltd. (NYSE:MANU) by 52.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,984 shares of the company’s stock after buying an additional 25,671 shares during the quarter. Bleakley Financial Group LLC’s holdings in Manchester United were worth $1,335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MANU. Entropy Technologies LP bought a new stake in Manchester United in the first quarter valued at $142,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of Manchester United in the 2nd quarter worth about $189,000. Vident Advisory LLC boosted its stake in shares of Manchester United by 7.7% during the 1st quarter. Vident Advisory LLC now owns 14,578 shares of the company’s stock valued at $191,000 after purchasing an additional 1,043 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Manchester United during the first quarter valued at about $196,000. Finally, State of Wyoming raised its stake in Manchester United by 111.4% in the first quarter. State of Wyoming now owns 19,915 shares of the company’s stock worth $261,000 after buying an additional 10,493 shares in the last quarter. Institutional investors own 23.34% of the company’s stock.

Manchester United Stock Down 1.5%

Shares of Manchester United stock opened at $18.19 on Friday. Manchester United Ltd. has a 1 year low of $12.05 and a 1 year high of $19.65. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of -72.76 and a beta of 0.64. The company has a 50-day moving average of $16.52 and a 200 day moving average of $16.16. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.38 and a quick ratio of 0.36.

Manchester United (NYSE:MANU) last posted its quarterly earnings data on Wednesday, September 17th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. Manchester United had a negative net margin of 4.92% and a negative return on equity of 9.58%. The business had revenue of $219.20 million for the quarter, compared to analyst estimates of $166.63 million. Manchester United has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Manchester United Ltd. will post -0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Manchester United in a research report on Saturday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.00.

Manchester United 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.