Segantii Capital Management Ltd Buys Shares of 860,000 Manchester United plc (NYSE:MANU)

Segantii Capital Management Ltd purchased a new position in Manchester United plc (NYSE:MANU) during the 4th quarter, Holdings Channel reports. The fund purchased 860,000 shares of the company’s stock, valued at approximately $17,527,000. Manchester United comprises 0.9% of Segantii Capital Management Ltd’s holdings, making the stock its 27th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in shares of Manchester United by 74.1% during the 3rd quarter. Barclays PLC now owns 184,918 shares of the company’s stock worth $3,660,000 after purchasing an additional 78,684 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Manchester United by 290.1% during the third quarter. Adage Capital Partners GP L.L.C. now owns 373,964 shares of the company’s stock valued at $7,401,000 after buying an additional 278,111 shares during the period. Bamco Inc. NY boosted its stake in shares of Manchester United by 57.3% during the 3rd quarter. Bamco Inc. NY now owns 1,169,398 shares of the company’s stock worth $23,142,000 after acquiring an additional 426,040 shares in the last quarter. Eminence Capital LP raised its holdings in shares of Manchester United by 7.1% in the 3rd quarter. Eminence Capital LP now owns 4,243,661 shares of the company’s stock worth $83,982,000 after buying an additional 279,487 shares in the last quarter. Finally, CI Investments Inc. boosted its position in shares of Manchester United by 37.7% in the 3rd quarter. CI Investments Inc. now owns 666,816 shares of the company’s stock worth $13,196,000 after purchasing an additional 182,471 shares during the last quarter. Institutional investors own 23.34% of the company’s stock.

Manchester United Stock Up 1.7 %

MANU traded up $0.27 on Thursday, hitting $15.75. 240,876 shares of the company were exchanged, compared to its average volume of 1,349,376. The company has a market cap of $2.59 billion, a PE ratio of -141.18 and a beta of 0.70. Manchester United plc has a 12 month low of $13.50 and a 12 month high of $26.64. The company has a debt-to-equity ratio of 5.28, a quick ratio of 0.36 and a current ratio of 0.37. The stock’s fifty day moving average is $14.76 and its 200-day moving average is $17.65.

Manchester United (NYSE:MANU) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.32. Manchester United had a negative net margin of 1.98% and a negative return on equity of 12.29%. The company had revenue of $280.37 million during the quarter, compared to analyst estimates of $245.09 million. Equities research analysts predict that Manchester United plc will post -0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MANU. StockNews.com upgraded shares of Manchester United to a “sell” rating in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Manchester United from $20.30 to $16.00 and set a “hold” rating on the stock in a report on Thursday, March 14th.

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.