Goldman Sachs Group Inc. Lowers Stake in Manchester United Ltd. (NYSE:MANU)

Goldman Sachs Group Inc. lowered its stake in Manchester United Ltd. (NYSE:MANU) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,542 shares of the company’s stock after selling 5,857 shares during the period. Goldman Sachs Group Inc.’s holdings in Manchester United were worth $1,327,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MANU. Oxford Asset Management increased its position in shares of Manchester United by 21.0% in the first quarter. Oxford Asset Management now owns 20,558 shares of the company’s stock valued at $347,000 after buying an additional 3,570 shares during the period. Bank of America Corp DE increased its position in Manchester United by 19.6% in the first quarter. Bank of America Corp DE now owns 26,160 shares of the company’s stock worth $442,000 after buying an additional 4,290 shares during the last quarter. Gabelli Funds LLC increased its position in Manchester United by 6.9% in the first quarter. Gabelli Funds LLC now owns 31,000 shares of the company’s stock worth $524,000 after buying an additional 2,000 shares during the last quarter. Jane Street Group LLC acquired a new position in Manchester United during the first quarter worth about $717,000. Finally, Roundview Capital LLC increased its position in Manchester United by 6.3% in the first quarter. Roundview Capital LLC now owns 47,875 shares of the company’s stock worth $809,000 after buying an additional 2,850 shares during the last quarter. Institutional investors and hedge funds own 73.17% of the company’s stock.

Manchester United Ltd. (NYSE MANU) traded up 0.146% on Thursday, reaching $17.175. 57,527 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $16.70 and its 200 day moving average is $16.51. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 153.348 and a beta of 0.53. Manchester United Ltd. has a 52 week low of $14.10 and a 52 week high of $18.30.

Manchester United (NYSE:MANU) last announced its quarterly earnings results on Tuesday, May 16th. The company reported ($0.05) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.05). Manchester United had a return on equity of 4.36% and a net margin of 2.51%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $119.67 million. During the same period last year, the firm posted $0.07 earnings per share. The business’s revenue for the quarter was up 931.8% on a year-over-year basis. On average, equities analysts anticipate that Manchester United Ltd. will post $16.02 earnings per share for the current year.

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A number of research firms have issued reports on MANU. Jefferies Group LLC restated a “buy” rating and set a $19.00 target price on shares of Manchester United in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Manchester United from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, May 18th. BidaskClub downgraded shares of Manchester United from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG restated a “buy” rating and set a $19.00 target price (up from $18.00) on shares of Manchester United in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $19.85.

Manchester United Company Profile

Manchester United plc is engaged in the operation of a professional football club together with related and ancillary activities. Its football operations primarily comprise various activities, such as its first team, reserve team, youth academy, global scouting networks and other operations, such as its sport science, medical and fitness operations at the Aon Training Complex.

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Institutional Ownership by Quarter for Manchester United (NYSE:MANU)

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