Krilogy Financial LLC Acquires 38,550 Shares of Manchester United Ltd. $MANU

Krilogy Financial LLC grew its holdings in shares of Manchester United Ltd. (NYSE:MANU) by 78.0% in the first quarter, HoldingsChannel reports. The fund owned 87,966 shares of the company’s stock after purchasing an additional 38,550 shares during the quarter. Krilogy Financial LLC’s holdings in Manchester United were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Cooperman Leon G increased its position in Manchester United by 0.6% in the third quarter. Cooperman Leon G now owns 2,857,877 shares of the company’s stock worth $43,268,000 after buying an additional 18,140 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Manchester United by 30.4% during the 4th quarter. Pinnacle Associates Ltd. now owns 1,404,151 shares of the company’s stock valued at $22,354,000 after acquiring an additional 327,553 shares during the period. Breach Inlet Capital Management LLC grew its stake in shares of Manchester United by 3.5% during the 4th quarter. Breach Inlet Capital Management LLC now owns 1,223,216 shares of the company’s stock valued at $19,474,000 after acquiring an additional 41,933 shares during the period. Harvey Partners LLC increased its holdings in Manchester United by 15.8% in the 3rd quarter. Harvey Partners LLC now owns 1,102,500 shares of the company’s stock worth $16,692,000 after acquiring an additional 150,802 shares in the last quarter. Finally, Lancaster Investment Management increased its holdings in Manchester United by 1.0% in the 4th quarter. Lancaster Investment Management now owns 899,416 shares of the company’s stock worth $14,319,000 after acquiring an additional 9,065 shares in the last quarter. 23.34% of the stock is owned by institutional investors.

Manchester United Stock Down 1.2%

NYSE MANU opened at $21.15 on Thursday. Manchester United Ltd. has a 12 month low of $14.59 and a 12 month high of $24.22. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 2.73. The stock has a market cap of $3.65 billion, a PE ratio of -151.06 and a beta of 0.61. The stock’s 50 day moving average is $20.05 and its 200 day moving average is $17.94.

Manchester United (NYSE:MANU) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.10. Manchester United had a negative net margin of 2.67% and a positive return on equity of 0.64%. The business had revenue of $250.96 million during the quarter, compared to analyst estimates of $220.94 million.

Analyst Upgrades and Downgrades

MANU has been the topic of several analyst reports. Wall Street Zen raised shares of Manchester United from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Weiss Ratings upgraded shares of Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Manchester United Profile

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.