Manchester United Ltd. $MANU Holdings Raised by PDT Partners LLC

Key Points

• PDT Partners LLC increased its stake in Manchester United Ltd. by 401.6% in the first quarter, owning a total of 117,601 shares valued at approximately $1.5 million.
• Manchester United's latest earnings report showed a loss of ($0.04) EPS, significantly beating analysts' expectations of ($0.33) EPS.
• Wall Street analysts have a consensus rating of "Buy" for Manchester United, with a price target of $23.00.

PDT Partners LLC increased its stake in shares of Manchester United Ltd. (NYSE:MANU - Free Report) by 401.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,601 shares of the company's stock after buying an additional 94,155 shares during the quarter. PDT Partners LLC owned about 0.07% of Manchester United worth $1,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MANU. Infinitum Asset Management LLC acquired a new stake in shares of Manchester United during the 4th quarter valued at approximately $6,420,000. Michelson Medical Research Foundation Inc. acquired a new stake in shares of Manchester United during the 1st quarter valued at approximately $2,618,000. Northern Trust Corp lifted its position in shares of Manchester United by 59.2% during the 4th quarter. Northern Trust Corp now owns 204,805 shares of the company's stock valued at $3,553,000 after acquiring an additional 76,181 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Manchester United by 28.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 287,548 shares of the company's stock valued at $3,764,000 after acquiring an additional 64,148 shares during the period. Finally, Lancaster Investment Management lifted its position in shares of Manchester United by 7.8% during the 1st quarter. Lancaster Investment Management now owns 880,351 shares of the company's stock valued at $11,524,000 after acquiring an additional 64,000 shares during the period. Hedge funds and other institutional investors own 23.34% of the company's stock.

Analysts Set New Price Targets

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

Manchester United Stock Performance

Manchester United stock traded down $0.17 during mid-day trading on Monday, reaching $15.72. The company's stock had a trading volume of 53,880 shares, compared to its average volume of 274,017. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of -32.07 and a beta of 0.69. The business has a 50 day moving average price of $17.49 and a 200-day moving average price of $15.54. 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 Ltd. has a twelve month low of $12.05 and a twelve month high of $19.65.

Manchester United (NYSE:MANU - Get Free Report) last released its quarterly earnings data on Friday, June 6th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.33) by $0.29. The firm had revenue of $203.10 million during the quarter, compared to the consensus estimate of $159.13 million. Manchester United had a negative net margin of 10.09% and a negative return on equity of 22.40%. During the same quarter in the previous year, the company posted ($0.24) earnings per share. Sell-side analysts predict that Manchester United Ltd. will post -0.74 EPS for the current fiscal year.

Manchester United 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.