Gamco Investors INC. ET AL Raises Stock Position in Manchester United plc (NYSE:MANU)

Gamco Investors INC. ET AL boosted its position in shares of Manchester United plc (NYSE:MANU - Free Report) by 35.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,400 shares of the company's stock after purchasing an additional 59,000 shares during the period. Gamco Investors INC. ET AL owned approximately 0.13% of Manchester United worth $3,876,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lancaster Investment Management increased its position in shares of Manchester United by 45.2% during the fourth quarter. Lancaster Investment Management now owns 816,351 shares of the company's stock valued at $14,164,000 after acquiring an additional 254,280 shares during the last quarter. Breach Inlet Capital Management LLC increased its position in shares of Manchester United by 58.0% during the fourth quarter. Breach Inlet Capital Management LLC now owns 664,856 shares of the company's stock valued at $11,535,000 after acquiring an additional 243,977 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Manchester United by 104.1% during the fourth quarter. JPMorgan Chase & Co. now owns 121,121 shares of the company's stock valued at $2,101,000 after acquiring an additional 61,786 shares during the last quarter. Mariner LLC increased its position in shares of Manchester United by 134.0% during the fourth quarter. Mariner LLC now owns 58,681 shares of the company's stock valued at $1,018,000 after acquiring an additional 33,604 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Manchester United during the fourth quarter valued at about $493,000. 23.34% of the stock is owned by hedge funds and other institutional investors.

Manchester United Stock Down 1.3 %

Shares of MANU stock traded down $0.19 during trading on Wednesday, reaching $13.94. The company's stock had a trading volume of 57,314 shares, compared to its average volume of 272,286. 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 has a market capitalization of $2.36 billion, a price-to-earnings ratio of -13.67 and a beta of 0.64. The stock's 50-day moving average price is $13.85 and its 200 day moving average price is $15.71. Manchester United plc has a 1-year low of $12.05 and a 1-year high of $18.42.

Manchester United (NYSE:MANU - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The firm had revenue of $254.62 million during the quarter, compared to analysts' expectations of $248.15 million. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. On average, research analysts anticipate that Manchester United plc will post -0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Manchester United to a "sell" rating in a report on Tuesday, January 21st.

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.