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Manchester United plc (NYSE:MANU) Shares Sold by Millennium Management LLC

Manchester United logo with Consumer Discretionary background

Millennium Management LLC lessened its holdings in Manchester United plc (NYSE:MANU - Free Report) by 63.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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.

A number of other hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC increased its position in shares of Manchester United by 55.2% in the 4th 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 last quarter. EverSource Wealth Advisors LLC increased its position in shares of Manchester United by 129.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock worth $37,000 after purchasing an additional 1,188 shares during the last quarter. Blue Trust Inc. increased its position in shares of Manchester United by 127.7% in the 4th 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 last quarter. PDT Partners LLC increased its position in shares of Manchester United by 38.3% in the 4th quarter. PDT Partners LLC now owns 23,446 shares of the company's stock worth $407,000 after purchasing an additional 6,494 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of Manchester United by 213.1% in the 4th quarter. National Bank of Canada FI now owns 9,686 shares of the company's stock worth $168,000 after purchasing an additional 6,592 shares during the last quarter. Hedge funds and other institutional investors own 23.34% of the company's stock.

Manchester United Stock Up 1.9%

Shares of MANU traded up $0.33 during midday trading on Monday, hitting $17.58. The company had a trading volume of 239,675 shares, compared to its average volume of 263,267. Manchester United plc has a 52 week low of $12.05 and a 52 week high of $18.42. The company's 50 day moving average price is $14.40 and its 200 day moving average price is $15.11. 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 $2.98 billion, a price-to-earnings ratio of -17.24 and a beta of 0.59.

Manchester United (NYSE:MANU - Get Free Report) last posted its quarterly 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. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. The business had revenue of $203.10 million during the quarter, compared to analyst estimates of $159.13 million. During the same period in the previous year, the business posted ($0.24) EPS. On average, equities research analysts predict that Manchester United plc will post -0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on MANU

About Manchester United

(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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Institutional Ownership by Quarter for Manchester United (NYSE:MANU)

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