Jane Street Group LLC cut its holdings in Manchester United PLC (NYSE:MANU) by 54.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,934 shares of the company’s stock after selling 21,621 shares during the quarter. Jane Street Group LLC’s holdings in Manchester United were worth $323,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Manchester United by 11,269.3% in the third quarter. JPMorgan Chase & Co. now owns 8,527 shares of the company’s stock valued at $151,000 after purchasing an additional 8,452 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Manchester United by 1,550.2% in the third quarter. Citadel Advisors LLC now owns 10,340 shares of the company’s stock valued at $186,000 after purchasing an additional 11,053 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Manchester United by 19.6% in the first quarter. Bank of America Corp DE now owns 26,160 shares of the company’s stock valued at $442,000 after purchasing an additional 4,290 shares in the last quarter. OxFORD Asset Management LLP grew its holdings in shares of Manchester United by 34.5% in the second quarter. OxFORD Asset Management LLP now owns 27,647 shares of the company’s stock valued at $449,000 after purchasing an additional 7,089 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of Manchester United by 17.2% in the third quarter. Gabelli Funds LLC now owns 37,500 shares of the company’s stock valued at $675,000 after purchasing an additional 5,500 shares in the last quarter. 84.18% of the stock is owned by hedge funds and other institutional investors.

Manchester United PLC (NYSE:MANU) opened at $20.90 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $817.96, a price-to-earnings ratio of 65.64, a price-to-earnings-growth ratio of 8.94 and a beta of 0.64. Manchester United PLC has a one year low of $14.15 and a one year high of $22.15.

Manchester United (NYSE:MANU) last posted its quarterly earnings data on Thursday, November 16th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.06. The company had revenue of $141.00 million during the quarter, compared to analyst estimates of $133.94 million. Manchester United had a net margin of 7.67% and a return on equity of 8.55%. Manchester United’s revenue was up 17.3% compared to the same quarter last year. equities analysts anticipate that Manchester United PLC will post 0.1 EPS for the current fiscal year.

MANU has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Manchester United from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Deutsche Bank reaffirmed a “buy” rating and set a $20.00 price objective (up from $19.00) on shares of Manchester United in a research note on Monday, September 25th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $21.00 price objective (up from $19.00) on shares of Manchester United in a research note on Thursday, September 21st.

TRADEMARK VIOLATION WARNING: This story was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/jane-street-group-llc-sells-21621-shares-of-manchester-united-plc-manu/1775970.html.

About Manchester United

Manchester United plc is engaged in the operation of a professional football club together with related and ancillary activities. Its football operations primarily comprise various activities, such as its first team, reserve team, youth academy, global scouting networks and other operations, such as its sport science, medical and fitness operations at the Aon Training Complex.

Institutional Ownership by Quarter for Manchester United (NYSE:MANU)

Receive News & Ratings for Manchester United Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manchester United and related companies with MarketBeat.com's FREE daily email newsletter.