Janus Henderson Group PLC Raises Holdings in Manchester United Ltd. $MANU

Janus Henderson Group PLC raised its stake in Manchester United Ltd. (NYSE:MANU) by 13.7% during the first quarter, Holdings Channel.com reports. The firm owned 645,790 shares of the company’s stock after purchasing an additional 77,804 shares during the quarter. Janus Henderson Group PLC’s holdings in Manchester United were worth $10,862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Manchester United by 1.8% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 55,495 shares of the company’s stock worth $883,000 after buying an additional 1,000 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Manchester United by 70.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,611 shares of the company’s stock worth $44,000 after buying an additional 1,076 shares during the period. Royal Bank of Canada raised its holdings in Manchester United by 20.4% in the first quarter. Royal Bank of Canada now owns 7,852 shares of the company’s stock valued at $131,000 after acquiring an additional 1,329 shares in the last quarter. Deutsche Bank AG lifted its stake in Manchester United by 14.9% in the fourth quarter. Deutsche Bank AG now owns 10,916 shares of the company’s stock worth $174,000 after acquiring an additional 1,419 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Manchester United in the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Manchester United Trading Down 0.3%

MANU opened at $22.52 on Wednesday. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.35 and a current ratio of 0.37. Manchester United Ltd. has a one year low of $14.59 and a one year high of $24.22. The company has a market cap of $3.88 billion, a P/E ratio of -160.87 and a beta of 0.59. The business’s 50-day simple moving average is $22.38 and its 200-day simple moving average is $19.31.

Manchester United (NYSE:MANU) last posted its earnings results on Wednesday, May 27th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.10. The firm had revenue of $250.96 million during the quarter, compared to analysts’ expectations of $220.94 million. Manchester United had a positive return on equity of 0.64% and a negative net margin of 2.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MANU shares. Wall Street Zen raised shares of Manchester United from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Weiss Ratings raised shares of Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Manchester United presently has a consensus rating of “Sell”.

Manchester United Company Profile

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.