Infinitum Asset Management LLC Invests $6.42 Million in Manchester United plc (NYSE:MANU)

Infinitum Asset Management LLC acquired a new position in shares of Manchester United plc (NYSE:MANU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 370,000 shares of the company's stock, valued at approximately $6,420,000. Manchester United accounts for 3.4% of Infinitum Asset Management LLC's investment portfolio, making the stock its 12th biggest holding. Infinitum Asset Management LLC owned about 0.22% of Manchester United at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Manchester United by 129.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock worth $37,000 after buying an additional 1,188 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of 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 acquiring an additional 758 shares during the period. Blue Trust Inc. boosted its holdings in shares of Manchester United by 127.7% during the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock worth $58,000 after acquiring an additional 1,883 shares during the period. R Squared Ltd acquired a new position in shares of Manchester United in the fourth quarter valued at approximately $130,000. Finally, Quantbot Technologies LP bought a new position in shares of Manchester United during the fourth quarter worth approximately $156,000. 23.34% of the stock is currently owned by institutional investors and hedge funds.

Manchester United Stock Performance

NYSE:MANU traded down $0.03 during mid-day trading on Thursday, hitting $13.90. 108,525 shares of the stock were exchanged, compared to its average volume of 270,535. The firm's 50-day simple moving average is $13.74 and its 200 day simple moving average is $15.29. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -13.63 and a beta of 0.59. Manchester United plc has a fifty-two week low of $12.05 and a fifty-two week high of $18.42. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.35 and a current ratio of 0.41.

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.