Bleakley Financial Group LLC Boosts Stock Holdings in Manchester United Ltd. (NYSE:MANU)

Bleakley Financial Group LLC lifted its stake in shares of Manchester United Ltd. (NYSE:MANU - Free Report) by 105.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,313 shares of the company's stock after purchasing an additional 25,321 shares during the quarter. Bleakley Financial Group LLC's holdings in Manchester United were worth $646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Krilogy Financial LLC boosted its stake in Manchester United by 233.3% in the first quarter. Krilogy Financial LLC now owns 40,000 shares of the company's stock valued at $524,000 after buying an additional 28,000 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Manchester United in the fourth quarter worth about $783,000. Lancaster Investment Management boosted its stake in shares of Manchester United by 7.8% in the 1st quarter. Lancaster Investment Management now owns 880,351 shares of the company's stock valued at $11,524,000 after purchasing an additional 64,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Manchester United in the 4th quarter valued at approximately $493,000. Finally, Northern Trust Corp grew its holdings in shares of Manchester United by 59.2% during the 4th quarter. Northern Trust Corp now owns 204,805 shares of the company's stock valued at $3,553,000 after purchasing an additional 76,181 shares during the last quarter. Institutional investors and hedge funds own 23.34% of the company's stock.

Manchester United Stock Down 0.5%

MANU stock traded down $0.10 during mid-day trading on Friday, reaching $17.67. 126,366 shares of the company traded hands, compared to its average volume of 270,635. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of -36.05 and a beta of 0.66. Manchester United Ltd. has a fifty-two week low of $12.05 and a fifty-two week high of $19.65. The firm's 50 day moving average price is $16.26 and its 200 day moving average price is $15.21. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 2.54.

Manchester United (NYSE:MANU - Get Free Report) last posted its quarterly earnings data on Friday, June 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.29. Manchester United had a negative return on equity of 22.40% and a negative net margin of 10.09%. The business had revenue of $203.10 million for the quarter, compared to analysts' expectations of $159.13 million. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. As a group, equities research analysts predict that Manchester United Ltd. will post -0.74 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Manchester United from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st.

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.