LPL Financial LLC Raises Stock Holdings in Manchester United Ltd. $MANU

Key Points

• LPL Financial LLC has increased its stake in Manchester United by 46.7%, acquiring an additional 33,361 shares during the first quarter, bringing its total to 104,830 shares valued at $1.37 million.
• Several other institutional investors, including Ariel Investments LLC and Northern Trust Corp, have also enhanced their stakes, indicating a growing interest in Manchester United.
• Manchester United's latest earnings report showed it beating consensus estimates with $203.10 million in revenue, despite reporting a loss of ($0.04) earnings per share.

LPL Financial LLC increased its stake in Manchester United Ltd. (NYSE:MANU - Free Report) by 46.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,830 shares of the company's stock after purchasing an additional 33,361 shares during the period. LPL Financial LLC owned approximately 0.06% of Manchester United worth $1,372,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Krilogy Financial LLC increased its holdings in Manchester United by 233.3% during the first quarter. Krilogy Financial LLC now owns 40,000 shares of the company's stock worth $524,000 after buying an additional 28,000 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Manchester United in the fourth quarter valued at $783,000. Lancaster Investment Management raised its stake in shares of Manchester United by 7.8% in the first quarter. Lancaster Investment Management now owns 880,351 shares of the company's stock valued at $11,524,000 after buying an additional 64,000 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Manchester United by 105.5% in the first quarter. Bleakley Financial Group LLC now owns 49,313 shares of the company's stock valued at $646,000 after buying an additional 25,321 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Manchester United in the first quarter valued at $402,000. Institutional investors and hedge funds own 23.34% of the company's stock.

Manchester United Stock Down 0.5%

Shares of NYSE:MANU traded down $0.09 during trading on Wednesday, reaching $17.12. 68,964 shares of the stock traded hands, compared to its average volume of 270,187. The stock has a 50-day moving average of $17.70 and a two-hundred day moving average of $15.47. Manchester United Ltd. has a 52-week low of $12.05 and a 52-week high of $19.65. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.37 and a current ratio of 0.39. The stock has a market cap of $2.90 billion, a P/E ratio of -34.84 and a beta of 0.71.

Manchester United (NYSE:MANU - Get Free Report) last issued its quarterly earnings results on Friday, June 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $159.13 million. During the same quarter in the prior year, the business posted ($0.24) EPS. Manchester United has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Manchester United Ltd. will post -0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Manchester United from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Manchester United presently has an average rating of "Buy" and a consensus 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.