Breach Inlet Capital Management LLC Has $11.54 Million Holdings in Manchester United plc (NYSE:MANU)

Breach Inlet Capital Management LLC increased its holdings in Manchester United plc (NYSE:MANU) by 58.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 664,856 shares of the company’s stock after buying an additional 243,977 shares during the period. Manchester United accounts for approximately 8.2% of Breach Inlet Capital Management LLC’s portfolio, making the stock its 8th largest holding. Breach Inlet Capital Management LLC owned approximately 0.39% of Manchester United worth $11,535,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of Manchester United by 129.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock valued at $37,000 after purchasing an additional 1,188 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Manchester United by 127.7% during the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after acquiring an additional 1,883 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of Manchester United by 15.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 16,900 shares of the company’s stock worth $293,000 after acquiring an additional 2,300 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Manchester United by 23.8% in the 4th quarter. Bleakley Financial Group LLC now owns 23,992 shares of the company’s stock valued at $416,000 after purchasing an additional 4,606 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Manchester United by 213.1% during the 4th quarter. National Bank of Canada FI now owns 9,686 shares of the company’s stock valued at $168,000 after purchasing an additional 6,592 shares during the last quarter. Institutional investors own 23.34% of the company’s stock.

Manchester United Trading Down 2.5 %

NYSE:MANU opened at $12.69 on Friday. The firm has a market capitalization of $2.15 billion, a P/E ratio of -12.44 and a beta of 0.64. Manchester United plc has a 52 week low of $12.56 and a 52 week high of $18.42. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62. The company has a fifty day moving average of $14.57 and a 200 day moving average of $15.98.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group assumed coverage on shares of Manchester United in a research report on Tuesday, December 17th. They set a “buy” rating and a $23.00 price target for the company. StockNews.com raised Manchester United to a “sell” rating in a research note on Tuesday, January 21st.

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.