Manchester United Ltd. $MANU is Breach Inlet Capital Management LLC's 8th Largest Position

Key Points

• Breach Inlet Capital Management LLC increased its holdings in Manchester United Ltd. by 28.6% in Q1, owning approximately 854,946 shares valued at $11.19 million.
• Manchester United's stock performance includes a market cap of $2.76 billion and a P/E ratio of -33.31, with a 1-year price range between $12.05 and $19.65.
• Analysts have upgraded Manchester United's rating from "sell" to "hold," with an average target price set at $23.00.

Breach Inlet Capital Management LLC increased its position in Manchester United Ltd. (NYSE:MANU - Free Report) by 28.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 854,946 shares of the company's stock after acquiring an additional 190,090 shares during the period. Manchester United makes up about 6.4% of Breach Inlet Capital Management LLC's portfolio, making the stock its 8th biggest holding. Breach Inlet Capital Management LLC owned about 0.50% of Manchester United worth $11,191,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in Manchester United by 55.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock worth $37,000 after acquiring an additional 758 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Manchester United in the 4th quarter worth $177,000. Simon Quick Advisors LLC purchased a new position in Manchester United in the 1st quarter worth $137,000. Entropy Technologies LP purchased a new position in Manchester United in the 1st quarter worth $142,000. Finally, Vident Advisory LLC raised its stake in Manchester United by 27.1% in the 4th quarter. Vident Advisory LLC now owns 13,535 shares of the company's stock worth $235,000 after acquiring an additional 2,884 shares during the last quarter. Hedge funds and other institutional investors own 23.34% of the company's stock.

Manchester United Stock Performance

Shares of MANU stock traded down $0.19 on Friday, hitting $15.89. The company had a trading volume of 245,031 shares, compared to its average volume of 222,763. The firm has a market cap of $2.69 billion, a P/E ratio of -32.42 and a beta of 0.69. The company has a 50-day moving average price of $17.49 and a 200-day moving average price of $15.52. 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 Ltd. has a twelve month low of $12.05 and a twelve month high of $19.65.

Manchester United (NYSE:MANU - Get Free Report) last issued its quarterly earnings data on Friday, June 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $159.13 million. During the same quarter in the previous year, the firm posted ($0.24) EPS. As a group, equities research analysts predict that Manchester United Ltd. will post -0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Manchester United from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $23.00.

About Manchester United

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.