Alyeska Investment Group L.P. Sells 134,469 Shares of Manchester United plc (NYSE:MANU)

Alyeska Investment Group L.P. cut its stake in Manchester United plc (NYSE:MANU - Free Report) by 38.4% in the fourth quarter, according to the company in its most recent Form 13F 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 about 0.13% of Manchester United worth $3,739,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MANU. Ariel Investments LLC lifted its holdings in shares of Manchester United by 0.8% in the 4th quarter. Ariel Investments LLC now owns 8,369,522 shares of the company's stock worth $145,211,000 after acquiring an additional 64,997 shares during the last quarter. PDT Partners LLC lifted its stake in Manchester United by 38.3% in the fourth quarter. PDT Partners LLC now owns 23,446 shares of the company's stock worth $407,000 after purchasing an additional 6,494 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Manchester United during the fourth quarter valued at approximately $706,000. Northern Trust Corp boosted its position in shares of Manchester United by 59.2% during the fourth quarter. Northern Trust Corp now owns 204,805 shares of the company's stock valued at $3,553,000 after buying an additional 76,181 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Manchester United during the fourth quarter valued at approximately $226,000. 23.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Manchester United Stock Performance

Shares of NYSE:MANU opened at $14.13 on Tuesday. The firm's 50 day simple moving average is $13.66 and its 200-day simple moving average is $15.55. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.35 and a current ratio of 0.41. Manchester United plc has a one year low of $12.05 and a one year high of $18.42. The firm has a market cap of $2.39 billion, a PE ratio of -13.85 and a beta of 0.59.

Manchester United (NYSE:MANU - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. The company had revenue of $254.62 million for the quarter, compared to the consensus estimate of $248.15 million. As a group, equities analysts predict that Manchester United plc will post -0.74 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.