Manchester United Ltd. $MANU Position Decreased by Lindsell Train Ltd

Key Points

• Lindsell Train cut its Manchester United stake by 9.1%, selling 250,946 shares in the third quarter; it retained 2,507,500 shares, worth about $52.5 million.
• Analyst sentiment was negative: the stock had an average “Sell” rating, with one analyst rating it a Sell.
• Manchester United reported quarterly revenue of $208.7 million and an EPS loss of $0.22, beating analysts’ estimates for both revenue and earnings per share.

Lindsell Train Ltd decreased its position in shares of Manchester United Ltd. (NYSE:MANU - Free Report) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,507,500 shares of the company's stock after selling 250,946 shares during the period. Manchester United accounts for about 2.3% of Lindsell Train Ltd's investment portfolio, making the stock its 12th largest position. Lindsell Train Ltd owned about 1.45% of Manchester United worth $52,532,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of Manchester United by 70.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,611 shares of the company's stock valued at $44,000 after acquiring an additional 1,076 shares during the last quarter. Ancora Advisors LLC purchased a new stake in Manchester United during the second quarter valued at $115,000. Royal Bank of Canada lifted its position in Manchester United by 20.4% during the first quarter. Royal Bank of Canada now owns 7,852 shares of the company's stock valued at $131,000 after purchasing an additional 1,329 shares during the last quarter. Squarepoint Ops LLC bought a new position in Manchester United during the second quarter valued at $203,000. Finally, Alpine Woods Capital Investors LLC lifted its position in Manchester United by 5.3% during the first quarter. Alpine Woods Capital Investors LLC now owns 13,450 shares of the company's stock valued at $226,000 after purchasing an additional 674 shares during the last quarter. 23.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Manchester United in a research report on Friday, September 11th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of "Sell".

Manchester United Trading Down 2.1%

MANU opened at $22.38 on Friday. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of -67.80 and a beta of 0.76. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 3.84. Manchester United Ltd. has a 12 month low of $14.85 and a 12 month high of $24.45. The stock has a fifty day moving average price of $20.77 and a 200-day moving average price of $20.00.

Manchester United (NYSE:MANU - Get Free Report) last issued its quarterly earnings data on Wednesday, September 23rd. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.18. Manchester United had a negative net margin of 6.36% and a negative return on equity of 12.22%. The firm had revenue of $208.66 million for the quarter, compared to the consensus estimate of $192.23 million.

Manchester United Profile

Manchester United plc NYSE: MANU owns and operates Manchester United Football Club, one of the world's best-known professional soccer teams. The club competes in England's Premier League and fields men's, women's and academy teams. Its activities include sporting operations, ticket sales, matchday hospitality and events, sponsorships, broadcasting and licensing.

The club traces its origins to 1878, when it was founded as Newton Heath Lancashire and Yorkshire Railway Football Club. It adopted the name Manchester United in 1902 and plays its home matches at Old Trafford in Manchester, England.

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