Manchester United Ltd. $MANU Holdings Increased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in shares of Manchester United Ltd. (NYSE:MANU) by 23.7% during the first quarter, Holdings Channel reports. The institutional investor owned 268,400 shares of the company’s stock after acquiring an additional 51,500 shares during the period. Renaissance Technologies LLC’s holdings in Manchester United were worth $4,514,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Manchester United during the second quarter worth approximately $29,000. Quarry LP bought a new position in Manchester United during the 4th quarter valued at $30,000. Garner Asset Management Corp acquired a new position in shares of Manchester United during the 4th quarter valued at $97,000. Quantbot Technologies LP raised its stake in shares of Manchester United by 105.3% in the 2nd quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock worth $114,000 after buying an additional 3,273 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Manchester United by 14.9% in the 4th quarter. Deutsche Bank AG now owns 10,916 shares of the company’s stock worth $174,000 after buying an additional 1,419 shares in the last quarter. Institutional investors and hedge funds own 23.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings raised Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. Wall Street Zen raised shares of Manchester United from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Manchester United currently has an average rating of “Sell”.

Manchester United Price Performance

Shares of NYSE:MANU opened at $21.89 on Friday. The company has a market capitalization of $3.78 billion, a PE ratio of -156.38 and a beta of 0.59. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.35 and a current ratio of 0.37. The stock has a fifty day moving average of $22.42 and a 200-day moving average of $19.39. Manchester United Ltd. has a one year low of $14.59 and a one year high of $24.22.

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

About Manchester United

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.