Manchester United plc (NYSE:MANU) Holdings Lowered by Senvest Management LLC

Senvest Management LLC lowered its stake in Manchester United plc (NYSE:MANU) by 5.7% during the third quarter, HoldingsChannel reports. The firm owned 1,558,392 shares of the company’s stock after selling 94,880 shares during the period. Manchester United accounts for approximately 0.9% of Senvest Management LLC’s holdings, making the stock its 27th biggest position. Senvest Management LLC’s holdings in Manchester United were worth $25,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lancaster Investment Management acquired a new position in shares of Manchester United in the third quarter worth about $9,094,000. Susquehanna Fundamental Investments LLC acquired a new position in Manchester United in the 2nd quarter worth approximately $686,000. Ariel Investments LLC boosted its stake in Manchester United by 50.9% in the 2nd quarter. Ariel Investments LLC now owns 8,007,070 shares of the company’s stock worth $129,234,000 after purchasing an additional 2,700,337 shares during the period. Gabelli Funds LLC grew its position in Manchester United by 10.7% during the 2nd quarter. Gabelli Funds LLC now owns 377,383 shares of the company’s stock worth $6,091,000 after purchasing an additional 36,507 shares in the last quarter. Finally, Nkcfo LLC acquired a new stake in Manchester United during the 2nd quarter valued at $113,000. Institutional investors and hedge funds own 23.34% of the company’s stock.

Manchester United Stock Performance

Shares of Manchester United stock opened at $17.50 on Friday. The stock has a market cap of $2.96 billion, a PE ratio of -20.11 and a beta of 0.69. Manchester United plc has a 12 month low of $13.50 and a 12 month high of $22.00. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 3.53. The business has a fifty day simple moving average of $16.55 and a 200-day simple moving average of $16.64.

Manchester United (NYSE:MANU) last announced its quarterly earnings data on Wednesday, September 11th. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. The firm had revenue of $179.43 million during the quarter, compared to analyst estimates of $180.82 million. Manchester United had a negative return on equity of 55.05% and a negative net margin of 17.28%. On average, sell-side analysts anticipate that Manchester United plc will post -0.74 EPS for the current fiscal year.

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.