Gabelli Funds LLC Raises Stake in Manchester United plc (NYSE:MANU)

Gabelli Funds LLC increased its stake in Manchester United plc (NYSE:MANU) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 395,908 shares of the company’s stock after acquiring an additional 13,044 shares during the quarter. Gabelli Funds LLC’s holdings in Manchester United were worth $6,869,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Manchester United by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 59,335 shares of the company’s stock valued at $960,000 after buying an additional 16,991 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in Manchester United by 15.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 16,900 shares of the company’s stock worth $293,000 after purchasing an additional 2,300 shares during the last quarter. Krilogy Financial LLC acquired a new position in Manchester United during the fourth quarter worth $208,000. Blue Trust Inc. boosted its position in Manchester United by 186.9% during the fourth quarter. Blue Trust Inc. now owns 4,232 shares of the company’s stock worth $68,000 after purchasing an additional 2,757 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Manchester United in the fourth quarter valued at $130,000. Institutional investors and hedge funds own 23.34% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Manchester United to a “sell” rating in a research note on Tuesday, January 21st.

Manchester United Price Performance

Shares of NYSE:MANU opened at $13.80 on Thursday. Manchester United plc has a one year low of $12.05 and a one year high of $18.42. The stock has a market cap of $2.34 billion, a PE ratio of -13.53 and a beta of 0.64. The business’s fifty day moving average price is $14.03 and its two-hundred day moving average price is $15.77. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.35 and a current ratio of 0.41.

Manchester United (NYSE:MANU) last announced its earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. The firm had revenue of $254.62 million during the quarter, compared to the consensus estimate of $248.15 million. On average, analysts forecast that Manchester United plc will post -0.74 EPS for the current fiscal year.

Manchester United Profile

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.