Tudor Investment Corp ET AL Makes New $1.11 Million Investment in Manchester United Ltd. $MANU

Key Points

• Tudor Investment Corp purchased a new stake of 73,290 shares in Manchester United (NYSE:MANU) during Q3, valued at about $1.11 million.
• Analyst sentiment is negative: Wall Street Zen downgraded MANU to a strong sell, Weiss Ratings reiterated a sell, and the stock's average consensus rating is "Sell".
• Fundamentals show strain—MANU missed quarterly EPS ($0.03 vs. $0.09 expected), reports negative net margin and ROE, has a high debt-to-equity ratio (2.52), and sell-side analysts forecast -0.74 EPS for the fiscal year.

Tudor Investment Corp ET AL purchased a new position in shares of Manchester United Ltd. (NYSE:MANU - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 73,290 shares of the company's stock, valued at approximately $1,110,000.

A number of other hedge funds have also recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of Manchester United by 65.0% in the 1st quarter. Royal Bank of Canada now owns 77,687 shares of the company's stock worth $1,017,000 after purchasing an additional 30,604 shares in the last quarter. Jane Street Group LLC lifted its position in Manchester United by 156.3% during the first quarter. Jane Street Group LLC now owns 28,558 shares of the company's stock valued at $374,000 after purchasing an additional 79,290 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Manchester United by 10.8% during the second quarter. JPMorgan Chase & Co. now owns 207,731 shares of the company's stock valued at $3,700,000 after purchasing an additional 20,251 shares during the period. Quantbot Technologies LP grew its holdings in Manchester United by 105.3% during the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company's stock valued at $114,000 after purchasing an additional 3,273 shares during the period. Finally, PharVision Advisers LLC purchased a new stake in Manchester United in the second quarter worth about $206,000. Institutional investors own 23.34% of the company's stock.

Analysts Set New Price Targets

MANU has been the topic of several recent research reports. Wall Street Zen downgraded Manchester United from a "hold" rating to a "strong sell" rating in a research note on Saturday, December 13th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Manchester United in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of "Sell".

Manchester United Stock Up 0.4%

MANU opened at $16.41 on Tuesday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.30 and a current ratio of 0.32. Manchester United Ltd. has a fifty-two week low of $12.05 and a fifty-two week high of $19.65. The firm's fifty day moving average is $17.20 and its 200 day moving average is $16.48. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -234.42 and a beta of 0.50.

Manchester United (NYSE:MANU - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.06). The firm had revenue of $255.92 million during the quarter, compared to the consensus estimate of $251.72 million. Manchester United had a negative return on equity of 4.85% and a negative net margin of 1.39%. On average, sell-side analysts forecast that Manchester United Ltd. will post -0.74 earnings per share for the current fiscal year.

Manchester United Company Profile

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company's core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange NYSE: MANU, Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company's revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.