Virtu Financial LLC Makes New $196,000 Investment in Manchester United Ltd. (NYSE:MANU)

Key Points

• Virtu Financial LLC has made a new investment in Manchester United Ltd., acquiring 14,986 shares valued at approximately $196,000 during the first quarter.
• Manchester United's stock price rose by 2.2%, with a current trading price of $17.80, backed by a stronger-than-expected earnings report that outperformed analysts' estimates.
• Wall Street analysts have upgraded Manchester United's rating from "sell" to "hold", reflecting a positive outlook for the company's performance moving forward.

Virtu Financial LLC acquired a new position in shares of Manchester United Ltd. (NYSE:MANU - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,986 shares of the company's stock, valued at approximately $196,000.

A number of other hedge funds have also recently added to or reduced their stakes in MANU. Infinitum Asset Management LLC bought a new position in Manchester United during the 4th quarter worth $6,420,000. Antara Capital LP increased its stake in Manchester United by 822.3% during the 4th 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 increased its stake in Manchester United by 59.2% during the 4th 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. Ariel Investments LLC increased its stake in Manchester United by 0.8% during the 4th 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. Finally, Lancaster Investment Management increased its stake in Manchester United by 7.8% during the 1st quarter. Lancaster Investment Management now owns 880,351 shares of the company's stock worth $11,524,000 after acquiring an additional 64,000 shares during the period. Institutional investors own 23.34% of the company's stock.

Manchester United Stock Up 2.2%

NYSE MANU opened at $17.80 on Friday. The business has a fifty day moving average price of $17.67 and a two-hundred day moving average price of $15.40. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.39 and a quick ratio of 0.37. Manchester United Ltd. has a fifty-two week low of $12.05 and a fifty-two week high of $19.65. The stock has a market capitalization of $3.01 billion, a PE ratio of -36.33 and a beta of 0.71.

Manchester United (NYSE:MANU - Get Free Report) last released its earnings results on Friday, June 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.29. Manchester United had a negative return on equity of 22.40% and a negative net margin of 10.09%. The firm had revenue of $203.10 million during the quarter, compared to analysts' expectations of $159.13 million. During the same period in the prior year, the company earned ($0.24) earnings per share. Equities analysts expect that Manchester United Ltd. will post -0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.

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