Bleakley Financial Group LLC Purchases 25,321 Shares of 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 first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Infinitum Asset Management LLC bought a new position in Manchester United during the 4th quarter valued at $6,420,000. Breach Inlet Capital Management LLC boosted its stake in Manchester United by 58.0% during the 4th quarter. Breach Inlet Capital Management LLC now owns 664,856 shares of the company's stock valued at $11,535,000 after purchasing an additional 243,977 shares in the last quarter. Antara Capital LP boosted its stake in Manchester United by 822.3% during the 4th quarter. Antara Capital LP now owns 184,450 shares of the company's stock valued at $3,200,000 after purchasing an additional 164,450 shares in the last quarter. Northern Trust Corp boosted its stake in 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 in the last quarter. Finally, Ariel Investments LLC boosted its stake in Manchester United by 0.8% during the 4th quarter. Ariel Investments LLC now owns 8,369,522 shares of the company's stock valued at $145,211,000 after purchasing an additional 64,997 shares in the last quarter. 23.34% of the stock is currently owned by institutional investors and hedge funds.

Manchester United Stock Up 0.6%

Manchester United stock traded up $0.11 during mid-day trading on Thursday, hitting $17.76. 174,858 shares of the company's stock were exchanged, compared to its average volume of 271,998. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 2.54. The stock has a market cap of $3.01 billion, a P/E ratio of -36.25 and a beta of 0.66. Manchester United Ltd. has a 1-year low of $12.05 and a 1-year high of $19.65. The stock has a 50 day moving average of $16.12 and a two-hundred day moving average of $15.22.

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

Analyst Upgrades and Downgrades

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.