Gamco Investors INC. ET AL Purchases 64,148 Shares of 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 position in shares of Manchester United Ltd. (NYSE:MANU - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 287,548 shares of the company's stock after purchasing an additional 64,148 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.17% of Manchester United worth $3,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in Manchester United by 55.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock worth $37,000 after purchasing an additional 758 shares during the last quarter. Vident Advisory LLC boosted its stake in Manchester United by 27.1% in the fourth quarter. Vident Advisory LLC now owns 13,535 shares of the company's stock valued at $235,000 after acquiring an additional 2,884 shares during the last quarter. PDT Partners LLC boosted its stake in Manchester United by 38.3% in the fourth quarter. PDT Partners LLC now owns 23,446 shares of the company's stock valued at $407,000 after acquiring an additional 6,494 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Manchester United in the fourth quarter valued at about $177,000. Finally, Simon Quick Advisors LLC purchased a new position in Manchester United in the first quarter valued at about $137,000. 23.34% of the stock is currently owned by hedge funds and other institutional investors.

Manchester United Stock Performance

Shares of NYSE MANU traded down $0.13 during midday trading on Wednesday, hitting $16.18. The company's stock had a trading volume of 99,374 shares, compared to its average volume of 273,149. The stock has a fifty day moving average price of $17.62 and a 200 day moving average price of $15.52. Manchester United Ltd. has a one year low of $12.05 and a one year high of $19.65. 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 firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of -33.04 and a beta of 0.69.

Manchester United (NYSE:MANU - Get Free Report) last posted its quarterly earnings results 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 net margin of 10.09% and a negative return on equity of 22.40%. The company had revenue of $203.10 million for the quarter, compared to analyst estimates of $159.13 million. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Manchester United has set its FY 2025 guidance at EPS. On average, research analysts forecast that Manchester United Ltd. will post -0.74 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.