Manchester United Ltd. $MANU Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its stake in Manchester United Ltd. (NYSE:MANU) by 20.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 490,663 shares of the company’s stock after acquiring an additional 83,900 shares during the quarter. Gabelli Funds LLC’s holdings in Manchester United were worth $7,811,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MANU. Royal Bank of Canada boosted its position in shares of Manchester United by 65.0% in the first quarter. Royal Bank of Canada now owns 77,687 shares of the company’s stock worth $1,017,000 after buying an additional 30,604 shares during the period. Jane Street Group LLC boosted its position in shares of Manchester United by 156.3% in the first quarter. Jane Street Group LLC now owns 28,558 shares of the company’s stock worth $374,000 after buying an additional 79,290 shares during the period. JPMorgan Chase & Co. boosted its holdings in Manchester United by 10.8% in the second quarter. JPMorgan Chase & Co. now owns 207,731 shares of the company’s stock valued at $3,700,000 after purchasing an additional 20,251 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Manchester United by 105.3% in the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock valued at $114,000 after purchasing an additional 3,273 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Manchester United by 48.9% in the second quarter. Marshall Wace LLP now owns 283,574 shares of the company’s stock valued at $5,050,000 after purchasing an additional 93,111 shares during the last quarter. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Manchester United Trading Down 1.0%

NYSE:MANU opened at $19.56 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.32 and a debt-to-equity ratio of 2.52. The business’s 50 day moving average is $17.61 and its two-hundred day moving average is $16.88. Manchester United Ltd. has a 52 week low of $13.22 and a 52 week high of $20.12. The company has a market cap of $3.37 billion, a PE ratio of -279.32 and a beta of 0.59.

Manchester United (NYSE:MANU) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The company had revenue of $255.92 million for the quarter, compared to analyst estimates of $251.72 million. Manchester United had a negative return on equity of 4.85% and a negative net margin of 1.39%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Manchester United from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Manchester United has an average rating of “Sell”.

Manchester United 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.