Envestnet Asset Management Inc. Invests $402,000 in Manchester United Ltd. (NYSE:MANU)

Envestnet Asset Management Inc. bought a new position in Manchester United Ltd. (NYSE:MANU - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 30,745 shares of the company's stock, valued at approximately $402,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Krilogy Financial LLC lifted its position in Manchester United by 233.3% during the 1st quarter. Krilogy Financial LLC now owns 40,000 shares of the company's stock valued at $524,000 after purchasing an additional 28,000 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in Manchester United during the 4th quarter worth approximately $783,000. Northern Trust Corp increased 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 worth $3,553,000 after purchasing an additional 76,181 shares in the last quarter. XTX Topco Ltd bought a new stake in Manchester United during the 4th quarter worth approximately $493,000. Finally, Antara Capital LP grew its stake in shares of Manchester United by 822.3% during the 4th quarter. Antara Capital LP now owns 184,450 shares of the company's stock worth $3,200,000 after acquiring an additional 164,450 shares in the last quarter. Institutional investors and hedge funds own 23.34% of the company's stock.

Wall Street Analyst Weigh In

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

Manchester United Stock Down 2.8%

Shares of NYSE MANU traded down $0.50 during trading hours on Friday, hitting $17.50. The company had a trading volume of 166,921 shares, compared to its average volume of 184,870. The stock has a market capitalization of $2.96 billion, a P/E ratio of -35.71 and a beta of 0.71. 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 1-year low of $12.05 and a 1-year high of $19.65. The firm's 50 day moving average is $17.36 and its 200-day moving average is $15.35.

Manchester United (NYSE:MANU - Get Free Report) last released its quarterly earnings data on Friday, June 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.29. The company had revenue of $203.10 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted ($0.24) EPS. On average, analysts expect that Manchester United Ltd. will post -0.74 earnings per share for the current fiscal 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.