Envestnet Asset Management Inc. Grows Stake in Manchester United Ltd. $MANU

Envestnet Asset Management Inc. lifted its holdings in shares of Manchester United Ltd. (NYSE:MANU) by 105.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,042 shares of the company’s stock after acquiring an additional 32,297 shares during the period. Envestnet Asset Management Inc.’s holdings in Manchester United were worth $1,123,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MANU. Entropy Technologies LP acquired a new stake in Manchester United during the first quarter worth approximately $142,000. Alpine Woods Capital Investors LLC acquired a new position in shares of Manchester United in the 2nd quarter valued at $189,000. Vident Advisory LLC grew its position in shares of Manchester United by 7.7% in the 1st quarter. Vident Advisory LLC now owns 14,578 shares of the company’s stock valued at $191,000 after buying an additional 1,043 shares during the last quarter. Virtu Financial LLC acquired a new stake in Manchester United during the 1st quarter worth $196,000. Finally, State of Wyoming lifted its position in Manchester United by 111.4% in the first quarter. State of Wyoming now owns 19,915 shares of the company’s stock valued at $261,000 after acquiring an additional 10,493 shares during the last quarter. 23.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Manchester United in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $23.00.

Manchester United Trading Up 0.5%

Shares of Manchester United stock opened at $15.41 on Friday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.36 and a current ratio of 0.38. The company has a market capitalization of $2.66 billion, a P/E ratio of -61.63 and a beta of 0.63. Manchester United Ltd. has a 1 year low of $12.05 and a 1 year high of $19.65. The company’s fifty day moving average is $16.22 and its two-hundred day moving average is $16.47.

Manchester United (NYSE:MANU) last announced its earnings results on Wednesday, September 17th. The company reported ($0.04) earnings per share 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 during the quarter, compared to the consensus estimate of $166.63 million. Manchester United has set its FY 2026 guidance at EPS. Analysts forecast that Manchester United Ltd. will post -0.74 earnings per share for the current 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.