Manchester United plc (NYSE:MANU) Stake Cut by Millennium Management LLC

Millennium Management LLC cut its stake in Manchester United plc (NYSE:MANU - Free Report) by 63.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,398 shares of the company's stock after selling 19,916 shares during the period. Millennium Management LLC's holdings in Manchester United were worth $198,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. bought a new stake in Manchester United during the fourth quarter worth approximately $783,000. XTX Topco Ltd acquired a new stake in shares of Manchester United in the fourth quarter valued at $493,000. Northern Trust Corp lifted its holdings in shares of Manchester United by 59.2% in the fourth quarter. Northern Trust Corp now owns 204,805 shares of the company's stock valued at $3,553,000 after buying an additional 76,181 shares during the period. Antara Capital LP boosted 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 valued at $3,200,000 after buying an additional 164,450 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Manchester United during the fourth quarter worth about $706,000. 23.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Manchester United from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st.

Manchester United Price Performance

Shares of NYSE:MANU traded down $0.07 on Friday, reaching $17.20. 262,678 shares of the company traded hands, compared to its average volume of 264,558. The stock has a market capitalization of $2.91 billion, a PE ratio of -16.86 and a beta of 0.59. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.41 and a quick ratio of 0.35. The company's 50 day moving average is $14.20 and its 200-day moving average is $15.13. Manchester United plc has a fifty-two week low of $12.05 and a fifty-two week high of $18.42.

Manchester United (NYSE:MANU - Get Free Report) last announced its earnings results on Friday, June 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.29. The business had revenue of $203.10 million during the quarter, compared to the consensus estimate of $159.13 million. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. During the same period in the prior year, the business posted ($0.24) earnings per share. As a group, analysts anticipate that Manchester United plc will post -0.74 earnings per share for the current fiscal year.

Manchester United Company 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.