Tudor Investment Corp ET AL Purchases New Position in Manchester United Ltd. $MANU

Key Points

• Tudor Investment Corp bought a new position of 73,290 Manchester United shares in Q3 (about $1.11 million), joining other institutions that raised or initiated holdings in the company.
• Analyst sentiment is bearish: Wall Street Zen downgraded MANU to a “strong sell”, Weiss Ratings reiterated a sell, and MarketBeat reports an average rating of Sell.
• Recent results and metrics show weakness—MANU missed quarterly EPS ($0.03 vs. $0.09 expected), has negative net margin and ROE, a negative P/E, and a market cap near $3.08 billion with shares trading around $17–18.

Tudor Investment Corp ET AL purchased a new stake in Manchester United Ltd. (NYSE:MANU - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 73,290 shares of the company's stock, valued at approximately $1,110,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Saranac Partners Ltd purchased a new position in shares of Manchester United in the 3rd quarter valued at about $169,000. Mariner LLC increased its stake in shares of Manchester United by 11.4% in the 3rd quarter. Mariner LLC now owns 56,009 shares of the company's stock valued at $848,000 after purchasing an additional 5,738 shares in the last quarter. Harvey Partners LLC boosted its holdings in Manchester United by 15.8% in the 3rd quarter. Harvey Partners LLC now owns 1,102,500 shares of the company's stock worth $16,692,000 after buying an additional 150,802 shares during the last quarter. Cooperman Leon G boosted its holdings in Manchester United by 0.6% in the 3rd quarter. Cooperman Leon G now owns 2,857,877 shares of the company's stock worth $43,268,000 after buying an additional 18,140 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Manchester United by 83.8% in the 3rd quarter. Bank of America Corp DE now owns 243,444 shares of the company's stock worth $3,686,000 after buying an additional 111,011 shares during the last quarter. Hedge funds and other institutional investors own 23.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Manchester United from a "sell" rating to a "strong sell" rating in a report on Sunday. Weiss Ratings reiterated a "sell (e+)" rating on shares of Manchester United in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Manchester United has an average rating of "Sell".

Manchester United Trading Up 1.1%

MANU stock opened at $17.84 on Tuesday. The company has a current ratio of 0.32, a quick ratio of 0.30 and a debt-to-equity ratio of 2.52. Manchester United Ltd. has a 12-month low of $13.22 and a 12-month high of $19.65. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -254.82 and a beta of 0.58. The business's 50-day moving average is $17.20 and its 200 day moving average is $16.61.

Manchester United (NYSE:MANU - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.03 earnings per share (EPS) 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 analyst estimates 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 anticipate that Manchester United Ltd. will post -0.74 EPS 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.

Want to see what other hedge funds are holding MANU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manchester United Ltd. (NYSE:MANU - Free Report).

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.