Manchester United Ltd. $MANU Shares Sold by Lindsell Train Ltd

Lindsell Train Ltd decreased its stake in Manchester United Ltd. (NYSE:MANU) by 12.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,142,000 shares of the company’s stock after selling 454,500 shares during the period. Manchester United makes up 1.7% of Lindsell Train Ltd’s portfolio, making the stock its 12th biggest position. Lindsell Train Ltd owned 1.82% of Manchester United worth $52,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Cooperman Leon G lifted its position in Manchester United by 0.6% during the 3rd quarter. Cooperman Leon G now owns 2,857,877 shares of the company’s stock worth $43,268,000 after acquiring an additional 18,140 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Manchester United by 30.4% in the fourth 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 in the last quarter. Breach Inlet Capital Management LLC grew its position in Manchester United by 3.5% in the fourth 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 in the last quarter. Harvey Partners LLC raised its stake in shares of Manchester United by 15.8% during the third quarter. Harvey Partners LLC now owns 1,102,500 shares of the company’s stock valued at $16,692,000 after purchasing an additional 150,802 shares during the period. Finally, Lancaster Investment Management raised its stake in shares of Manchester United by 1.0% during the fourth quarter. Lancaster Investment Management now owns 899,416 shares of the company’s stock valued at $14,319,000 after purchasing an additional 9,065 shares during the period. Institutional investors and hedge funds own 23.34% of the company’s stock.

Manchester United Price Performance

Shares of NYSE MANU opened at $23.02 on Thursday. Manchester United Ltd. has a fifty-two week low of $14.59 and a fifty-two week high of $24.22. The business has a 50 day moving average price of $20.57 and a two-hundred day moving average price of $18.20. The company has a quick ratio of 0.35, a current ratio of 0.37 and a debt-to-equity ratio of 2.73. The firm has a market cap of $3.97 billion, a PE ratio of -164.42 and a beta of 0.60.

Manchester United (NYSE:MANU) last announced its earnings results 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. The company had revenue of $250.96 million for the quarter, compared to analyst estimates of $220.94 million. Manchester United had a positive return on equity of 0.64% and a negative net margin of 2.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. Wall Street Zen raised shares of Manchester United from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Manchester United has a consensus rating of “Sell”.

About Manchester United

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.