Gamco Investors INC. ET AL Increases Stock Holdings in Manchester United Ltd. $MANU

Key Points

• Gamco Investors INC. ET AL increased its stake in Manchester United Ltd. by 28.7%, owning 287,548 shares worth approximately $3.76 million as of the latest SEC filing.
• Several large institutional investors have also initiated or increased positions in Manchester United, with 23.34% of the stock now owned by such entities.
• Wall Street analysts have upgraded Manchester United's stock rating from "sell" to "hold," with a consensus target price of $23 and an average rating of "Buy".

Gamco Investors INC. ET AL increased its holdings in shares of Manchester United Ltd. (NYSE:MANU - Free Report) by 28.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 287,548 shares of the company's stock after acquiring an additional 64,148 shares during the period. Gamco Investors INC. ET AL owned about 0.17% of Manchester United worth $3,764,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ariel Investments LLC lifted its stake in shares of Manchester United by 0.8% during the 4th quarter. Ariel Investments LLC now owns 8,369,522 shares of the company's stock worth $145,211,000 after acquiring an additional 64,997 shares during the last quarter. Lancaster Investment Management raised its position in Manchester United by 7.8% during 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. Gabelli Funds LLC raised its position in Manchester United by 7.6% during the 1st quarter. Gabelli Funds LLC now owns 425,995 shares of the company's stock valued at $5,576,000 after purchasing an additional 30,087 shares in the last quarter. Infinitum Asset Management LLC bought a new stake in Manchester United during the 4th quarter valued at $6,420,000. Finally, Northern Trust Corp raised its position 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. 23.34% of the stock is owned by institutional investors.

Manchester United Stock Up 2.3%

Shares of NYSE:MANU traded up $0.41 on Friday, reaching $17.85. The company had a trading volume of 294,521 shares, compared to its average volume of 175,299. Manchester United Ltd. has a 52-week low of $12.05 and a 52-week high of $19.65. The firm's 50 day simple moving average is $17.70 and its 200-day simple moving average is $15.50. The firm has a market capitalization of $3.02 billion, a PE ratio of -36.42 and a beta of 0.69. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 2.54.

Manchester United (NYSE:MANU - Get Free Report) last announced its quarterly earnings results on Friday, June 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $159.13 million. During the same period last year, the business posted ($0.24) EPS. Manchester United has set its FY 2025 guidance at EPS. As a group, analysts expect that Manchester United Ltd. will post -0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Manchester United from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock 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.