Manchester United Ltd. (NYSE:MANU) Holdings Lifted by Lancaster Investment Management

Lancaster Investment Management lifted its stake in shares of Manchester United Ltd. (NYSE:MANU - Free Report) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 880,351 shares of the company's stock after acquiring an additional 64,000 shares during the quarter. Manchester United makes up 8.5% of Lancaster Investment Management's holdings, making the stock its 4th biggest holding. Lancaster Investment Management owned about 0.52% of Manchester United worth $11,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Manchester United by 129.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock valued at $37,000 after acquiring an additional 1,188 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Manchester United during the fourth quarter valued at approximately $156,000. Fox Run Management L.L.C. bought a new stake in shares of Manchester United during the fourth quarter valued at approximately $302,000. JPMorgan Chase & Co. boosted its position in shares of Manchester United by 104.1% during the fourth quarter. JPMorgan Chase & Co. now owns 121,121 shares of the company's stock valued at $2,101,000 after buying an additional 61,786 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in Manchester United by 213.1% during the fourth quarter. National Bank of Canada FI now owns 9,686 shares of the company's stock worth $168,000 after buying an additional 6,592 shares in the last quarter. 23.34% of the stock is currently owned by institutional investors.

Manchester United Stock Up 3.8%

Manchester United stock traded up $0.65 during trading on Wednesday, hitting $17.67. 290,221 shares of the company were exchanged, compared to its average volume of 275,766. The business's 50 day moving average is $15.76 and its 200 day moving average is $15.20. Manchester United Ltd. has a 52 week low of $12.05 and a 52 week high of $19.65. The company has a market capitalization of $2.99 billion, a P/E ratio of -36.06 and a beta of 0.66. 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 posted its quarterly earnings data on Friday, June 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $159.13 million. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. Analysts predict that Manchester United Ltd. will post -0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.