Manchester United Ltd. $MANU is Breach Inlet Capital Management LLC’s 5th Largest Position

Breach Inlet Capital Management LLC grew its holdings in Manchester United Ltd. (NYSE:MANU) by 3.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,223,216 shares of the company’s stock after buying an additional 41,933 shares during the quarter. Manchester United makes up about 9.2% of Breach Inlet Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Breach Inlet Capital Management LLC’s holdings in Manchester United were worth $19,474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Manchester United in the 2nd quarter worth approximately $29,000. Quarry LP purchased a new stake in Manchester United in the 4th quarter worth approximately $30,000. Garner Asset Management Corp purchased a new stake in Manchester United in the 4th quarter worth approximately $97,000. Quantbot Technologies LP lifted its holdings in 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 buying an additional 3,273 shares during the period. Finally, Saranac Partners Ltd bought a new position in shares of Manchester United in the 3rd quarter worth approximately $169,000. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Manchester United Stock Down 3.4%

Shares of NYSE:MANU opened at $21.81 on Thursday. Manchester United Ltd. has a 52-week low of $14.59 and a 52-week high of $24.22. The firm has a market capitalization of $3.76 billion, a P/E ratio of -155.80 and a beta of 0.61. The stock has a 50 day moving average price of $19.63 and a 200-day moving average price of $17.73. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.35 and a current ratio of 0.37.

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, topping the consensus estimate 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 firm had revenue of $250.96 million during the quarter, compared to analyst estimates of $220.94 million.

Analysts Set New Price Targets

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