Gamco Investors INC. ET AL Acquires 580,887 Shares of Manchester United Ltd. $MANU

Gamco Investors INC. ET AL lifted its holdings in Manchester United Ltd. (NYSE:MANU) by 110.9% in the 1st quarter, Holdings Channel reports. The firm owned 1,104,738 shares of the company’s stock after buying an additional 580,887 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Manchester United were worth $18,582,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Manchester United during the second quarter worth $29,000. Quarry LP bought a new position in Manchester United during the fourth quarter valued at about $30,000. Garner Asset Management Corp acquired a new stake in shares of Manchester United in the fourth quarter worth about $97,000. Quantbot Technologies LP lifted its position in shares of Manchester United by 105.3% in the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock worth $114,000 after buying an additional 3,273 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Manchester United by 14.9% during the 4th quarter. Deutsche Bank AG now owns 10,916 shares of the company’s stock worth $174,000 after acquiring an additional 1,419 shares in the last quarter. 23.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MANU has been the topic of a number of recent analyst reports. 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 Manchester United from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Trending Headlines about Manchester United

Here are the key news stories impacting Manchester United this week:

• Positive Sentiment: Manchester United’s share price moved above its 200-day moving average, a bullish technical signal that may be drawing traders into the stock. Manchester United (NYSE:MANU) Share Price Crosses Above 200-Day Moving Average – Here’s Why
• Neutral Sentiment: Multiple reports say Manchester United is advancing talks for AS Roma midfielder Manu Kone, including personal-terms agreement claims and “pole position” in the race. This could be viewed as a potential squad-strengthening move, but it remains unconfirmed and transfer rumors often have limited immediate financial impact.
• Neutral Sentiment: Additional articles suggest Manchester United is still exploring other midfield options and competing with other clubs for talent, indicating an active transfer window rather than a finalized deal.

Manchester United Stock Up 1.5%

Manchester United stock opened at $22.65 on Friday. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.37 and a quick ratio of 0.35. Manchester United Ltd. has a fifty-two week low of $14.59 and a fifty-two week high of $24.22. The firm has a fifty day moving average price of $21.94 and a two-hundred day moving average price of $18.97. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -161.77 and a beta of 0.60.

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

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.