Alan B Lancz & Associates Inc. Decreases Stock Position in Manchester United plc (NYSE:MANU)

Alan B Lancz & Associates Inc. trimmed its holdings in shares of Manchester United plc (NYSE:MANU) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,605 shares of the company’s stock after selling 1,400 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Manchester United were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MANU. Susquehanna Fundamental Investments LLC bought a new stake in Manchester United in the 2nd quarter worth about $686,000. Lancaster Investment Management purchased a new stake in shares of Manchester United during the 3rd quarter valued at about $9,094,000. Brown Brothers Harriman & Co. bought a new stake in shares of Manchester United in the third quarter worth approximately $49,000. Verition Fund Management LLC purchased a new position in shares of Manchester United during the third quarter valued at approximately $209,000. Finally, PDT Partners LLC bought a new position in Manchester United during the third quarter valued at approximately $274,000. Institutional investors own 23.34% of the company’s stock.

Analyst Upgrades and Downgrades

MANU has been the subject of a number of research analyst reports. StockNews.com raised shares of Manchester United to a “sell” rating in a research report on Tuesday, January 21st. UBS Group began coverage on Manchester United in a report on Tuesday, December 17th. They issued a “buy” rating and a $23.00 price objective for the company.

Manchester United Stock Performance

MANU opened at $16.23 on Friday. The company’s 50 day moving average is $16.93 and its 200 day moving average is $16.80. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 3.25. The company has a market cap of $2.75 billion, a price-to-earnings ratio of -24.59 and a beta of 0.66. Manchester United plc has a 12-month low of $13.50 and a 12-month high of $22.00.

Manchester United Profile

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.