Ionic Capital Management LLC Has $765,000 Stake in Manchester United plc (NYSE:MANU)

Ionic Capital Management LLC cut its stake in shares of Manchester United plc (NYSE:MANU) by 28.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,300 shares of the company’s stock after selling 18,700 shares during the quarter. Ionic Capital Management LLC’s holdings in Manchester United were worth $765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MANU. Brown Brothers Harriman & Co. purchased a new position in shares of Manchester United during the third quarter worth about $49,000. Emfo LLC purchased a new position in shares of Manchester United during the 2nd quarter valued at $50,000. Dnca Finance bought a new position in shares of Manchester United during the 2nd quarter valued at approximately $53,000. Nkcfo LLC purchased a new stake in shares of Manchester United in the second quarter worth approximately $113,000. Finally, Verition Fund Management LLC bought a new position in shares of Manchester United during the third quarter valued at approximately $209,000. 23.34% of the stock is currently owned by institutional investors.

Manchester United Stock Up 1.8 %

Shares of MANU opened at $17.29 on Tuesday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -26.20 and a beta of 0.68. The stock’s 50-day moving average price is $16.66 and its 200-day moving average price is $16.69. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 3.25. Manchester United plc has a 52 week low of $13.50 and a 52 week high of $22.00.

Manchester United (NYSE:MANU) last posted its quarterly earnings data on Wednesday, September 11th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. The business had revenue of $179.43 million during the quarter, compared to the consensus estimate of $180.82 million. Manchester United had a negative return on equity of 37.41% and a negative net margin of 13.36%. On average, sell-side analysts predict that Manchester United plc will post -0.54 EPS for the current year.

Manchester United Company 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.