Manchester United plc (NYSE:MANU) Shares Acquired by Harvey Partners LLC

Harvey Partners LLC increased its stake in shares of Manchester United plc (NYSE:MANU) by 156.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 740,000 shares of the company’s stock after purchasing an additional 452,000 shares during the period. Manchester United makes up 1.4% of Harvey Partners LLC’s investment portfolio, making the stock its 29th biggest position. Harvey Partners LLC’s holdings in Manchester United were worth $11,973,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MANU. Brown Brothers Harriman & Co. acquired a new position in Manchester United during the third quarter worth approximately $49,000. Emfo LLC purchased a new position in Manchester United during the second quarter valued at approximately $50,000. Dnca Finance bought a new stake in Manchester United during the second quarter worth approximately $53,000. Nkcfo LLC bought a new stake in shares of Manchester United in the 2nd quarter worth approximately $113,000. Finally, Verition Fund Management LLC bought a new position in shares of Manchester United in the third quarter valued at approximately $209,000. Institutional investors and hedge funds own 23.34% of the company’s stock.

Manchester United Price Performance

Shares of MANU stock opened at $17.29 on Tuesday. Manchester United plc has a 52 week low of $13.50 and a 52 week high of $22.00. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.35 and a current ratio of 0.36. The company’s 50 day moving average price is $16.63 and its two-hundred day moving average price is $16.68.

Manchester United (NYSE:MANU) last released 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. Manchester United had a negative net margin of 13.36% and a negative return on equity of 37.41%. The company had revenue of $179.43 million during the quarter, compared to analyst estimates of $180.82 million. Equities research analysts forecast that Manchester United plc will post -0.54 earnings per share for the current year.

About Manchester United

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.