Alyeska Investment Group L.P. Has $3.74 Million Stake in Manchester United plc (NYSE:MANU)

Alyeska Investment Group L.P. lowered its holdings in Manchester United plc (NYSE:MANU - Free Report) by 38.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 215,531 shares of the company's stock after selling 134,469 shares during the quarter. Alyeska Investment Group L.P. owned 0.13% of Manchester United worth $3,739,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Manchester United by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 59,335 shares of the company's stock worth $960,000 after acquiring an additional 16,991 shares during the period. Miracle Mile Advisors LLC raised its position in shares of Manchester United by 15.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 16,900 shares of the company's stock valued at $293,000 after buying an additional 2,300 shares during the last quarter. Krilogy Financial LLC bought a new stake in shares of Manchester United in the fourth quarter valued at about $208,000. Blue Trust Inc. lifted its stake in shares of Manchester United by 186.9% in the fourth quarter. Blue Trust Inc. now owns 4,232 shares of the company's stock valued at $68,000 after buying an additional 2,757 shares during the period. Finally, R Squared Ltd acquired a new stake in Manchester United during the fourth quarter worth about $130,000. 23.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Manchester United to a "sell" rating in a research report on Tuesday, January 21st.

Manchester United Price Performance

Shares of MANU stock traded down $0.02 during mid-day trading on Friday, reaching $14.31. The company's stock had a trading volume of 234,832 shares, compared to its average volume of 279,007. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.35 and a current ratio of 0.41. The firm's 50-day moving average is $13.65 and its two-hundred day moving average is $15.51. Manchester United plc has a 1-year low of $12.05 and a 1-year high of $18.42. The company has a market cap of $2.42 billion, a P/E ratio of -14.03 and a beta of 0.59.

Manchester United (NYSE:MANU - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. The firm had revenue of $254.62 million during the quarter, compared to analysts' expectations of $248.15 million. On average, research analysts predict that Manchester United plc will post -0.74 earnings per share for the current year.

Manchester United Company 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.