Manchester United plc (NYSE:MANU) Holdings Reduced by Deutsche Bank AG

Deutsche Bank AG lowered its stake in Manchester United plc (NYSE:MANU - Free Report) by 93.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,497 shares of the company's stock after selling 127,625 shares during the period. Deutsche Bank AG's holdings in Manchester United were worth $165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MANU. Lancaster Investment Management raised its stake in Manchester United by 45.2% during the fourth quarter. Lancaster Investment Management now owns 816,351 shares of the company's stock worth $14,164,000 after acquiring an additional 254,280 shares during the period. Breach Inlet Capital Management LLC raised its stake in Manchester United by 58.0% during the fourth quarter. Breach Inlet Capital Management LLC now owns 664,856 shares of the company's stock worth $11,535,000 after acquiring an additional 243,977 shares during the period. Antara Capital LP raised its stake in Manchester United by 822.3% during the fourth quarter. Antara Capital LP now owns 184,450 shares of the company's stock worth $3,200,000 after acquiring an additional 164,450 shares during the period. Northern Trust Corp raised its stake in Manchester United by 59.2% during the fourth quarter. Northern Trust Corp now owns 204,805 shares of the company's stock worth $3,553,000 after acquiring an additional 76,181 shares during the period. Finally, Ariel Investments LLC raised its stake in Manchester United by 0.8% during the fourth quarter. Ariel Investments LLC now owns 8,369,522 shares of the company's stock worth $145,211,000 after acquiring an additional 64,997 shares during the period. Institutional investors own 23.34% of the company's stock.

Manchester United Stock Performance

NYSE MANU traded down $0.24 on Wednesday, hitting $13.95. The stock had a trading volume of 156,936 shares, compared to its average volume of 266,371. Manchester United plc has a one year low of $12.05 and a one year high of $18.42. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -13.68 and a beta of 0.59. The company's 50-day moving average is $13.77 and its two-hundred day moving average is $15.17.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Manchester United from a "sell" rating to a "hold" rating in a research note on Saturday.

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.