D. E. Shaw & Co. Inc. Buys Shares of 45,137 Manchester United plc (NYSE:MANU)

D. E. Shaw & Co. Inc. acquired a new stake in Manchester United plc (NYSE:MANU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 45,137 shares of the company's stock, valued at approximately $783,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of Manchester United by 55.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock valued at $37,000 after buying an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Manchester United by 129.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock valued at $37,000 after buying an additional 1,188 shares during the period. Blue Trust Inc. increased its position in shares of Manchester United by 127.7% during the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock worth $58,000 after purchasing an additional 1,883 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of Manchester United by 23.8% during the fourth quarter. Bleakley Financial Group LLC now owns 23,992 shares of the company's stock valued at $416,000 after acquiring an additional 4,606 shares during the last quarter. Finally, PDT Partners LLC lifted its stake in Manchester United by 38.3% during 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 in the last quarter. 23.34% of the stock is owned by hedge funds and other institutional investors.

Manchester United Stock Down 1.3%

MANU stock traded down $0.19 during midday trading on Wednesday, hitting $13.90. The company's stock had a trading volume of 201,149 shares, compared to its average volume of 271,348. The firm has a 50-day simple moving average of $13.73 and a 200-day simple moving average of $15.30. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62. Manchester United plc has a 52-week low of $12.05 and a 52-week high of $18.42. The firm has a market capitalization of $2.35 billion, a P/E ratio of -13.63 and a beta of 0.59.

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.