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

Lindsell Train Ltd decreased its stake in shares of Manchester United Ltd. (NYSE:MANU) by 12.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,142,000 shares of the company’s stock after selling 454,500 shares during the period. Manchester United comprises about 1.7% of Lindsell Train Ltd’s investment portfolio, making the stock its 12th biggest holding. Lindsell Train Ltd’s holdings in Manchester United were worth $52,848,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Manchester United in the second quarter valued at about $29,000. Quarry LP acquired a new position in shares of Manchester United in the 4th quarter worth approximately $30,000. Garner Asset Management Corp acquired a new position in shares of Manchester United in the 4th quarter worth approximately $97,000. Quantbot Technologies LP grew its position in shares of Manchester United by 105.3% in the 2nd quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock worth $114,000 after acquiring an additional 3,273 shares in the last quarter. Finally, Orion Porfolio Solutions LLC bought a new stake in shares of Manchester United in the 2nd quarter valued at approximately $179,000. 23.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Manchester United Price Performance

MANU opened at $23.02 on Thursday. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of -164.42 and a beta of 0.60. Manchester United Ltd. has a fifty-two week low of $14.59 and a fifty-two week high of $24.22. The company’s 50-day moving average price is $20.57 and its 200 day moving average price is $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.

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

Manchester United Company 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.