Northern Trust Corp grew its stake in shares of Manchester United plc (NYSE:MANU - Free Report) by 59.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 204,805 shares of the company's stock after acquiring an additional 76,181 shares during the period. Northern Trust Corp owned 0.12% of Manchester United worth $3,553,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Manchester United by 129.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock worth $37,000 after acquiring an additional 1,188 shares during the last quarter. Tower Research Capital LLC TRC increased 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 purchasing an additional 758 shares during the period. Blue Trust Inc. increased 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 purchasing an additional 1,883 shares during the period. R Squared Ltd bought a new position in shares of Manchester United during the fourth quarter worth 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
Shares of MANU traded down $0.16 during mid-day trading on Wednesday, hitting $13.93. 189,078 shares of the company's stock were exchanged, compared to its average volume of 271,300. Manchester United plc has a 52 week low of $12.05 and a 52 week high of $18.42. The stock's 50-day simple moving average is $13.73 and its 200-day simple moving average is $15.30. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -13.62 and a beta of 0.59. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62.
Manchester United Profile
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Free Report)
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.
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