Bleakley Financial Group LLC Has $2.92 Million Stake in Manchester United Ltd. $MANU

Bleakley Financial Group LLC lifted its position in shares of Manchester United Ltd. (NYSE:MANU) by 25.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 173,440 shares of the company’s stock after purchasing an additional 35,135 shares during the quarter. Bleakley Financial Group LLC’s holdings in Manchester United were worth $2,917,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Manchester United by 1.8% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 55,495 shares of the company’s stock worth $883,000 after purchasing an additional 1,000 shares in the last quarter. Deutsche Bank AG increased its stake in Manchester United by 14.9% in the 4th quarter. Deutsche Bank AG now owns 10,916 shares of the company’s stock valued at $174,000 after buying an additional 1,419 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Manchester United during the 2nd quarter worth about $29,000. Quarry LP acquired a new position in shares of Manchester United during the 4th quarter worth about $30,000. Finally, Twin Securities Inc. grew its holdings in shares of Manchester United by 21.6% in the 3rd quarter. Twin Securities Inc. now owns 14,763 shares of the company’s stock valued at $224,000 after acquiring an additional 2,620 shares in the last quarter. 23.34% of the stock is currently owned by institutional investors.

Manchester United Trading Up 1.7%

Shares of NYSE:MANU opened at $22.43 on Thursday. Manchester United Ltd. has a 52-week low of $14.59 and a 52-week high of $24.22. The company has a market capitalization of $3.87 billion, a P/E ratio of -160.17 and a beta of 0.60. The company has a 50-day simple moving average of $21.49 and a 200 day simple moving average of $18.67. 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 quarterly earnings results on Wednesday, May 27th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.10. The business had revenue of $250.96 million during the quarter, compared to the consensus estimate of $220.94 million. Manchester United had a positive return on equity of 0.64% and a negative net margin of 2.67%.

Manchester United News Summary

Here are the key news stories impacting Manchester United this week:

• Positive Sentiment: Manchester United are being linked with Manu Koné in active talks, with reports suggesting the club remains serious about adding the French midfielder to the squad. Manu Kone: Fabrizio Romano drops update on United’s pursuit of French midfielder
• Positive Sentiment: Reports indicate United may be able to complete a cut-price deal and save around £35 million on a potential transfer, which would be viewed favorably by investors focused on disciplined spending. Manchester United could save £35m with cut-price deal for World Cup star
• Positive Sentiment: United are also being linked with an imminent midfield move after the recent Youri Tielemans deal, reinforcing the idea that the club is continuing to invest in the squad. Man United learn transfer timeline for next deal after Andrey Santos and Youri Tielemans
• Neutral Sentiment: Several reports note competition from Liverpool and Aston Villa for Koné, which adds uncertainty but does not yet indicate a failed deal. Liverpool is attempting to hijack Manchester United’s transfer…
• Negative Sentiment: If Manchester United miss out on Koné or are forced into a bidding war, transfer costs could rise and the club could end up without one of its reported top targets. Man United enquire over World Cup star to add to midfield revamp after Youri Tielemans transfer

Analyst Ratings Changes

A number of research analysts have weighed in on MANU shares. Wall Street Zen upgraded Manchester United from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Weiss Ratings upgraded Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average 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.