Senvest Management LLC Sells 69,403 Shares of Manchester United plc (NYSE:MANU)

Senvest Management LLC reduced its holdings in shares of Manchester United plc (NYSE:MANU - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,488,989 shares of the company's stock after selling 69,403 shares during the quarter. Manchester United makes up about 0.8% of Senvest Management LLC's holdings, making the stock its 29th largest position. Senvest Management LLC owned about 0.88% of Manchester United worth $25,834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in shares of Manchester United by 129.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock worth $37,000 after acquiring an additional 1,188 shares during the period. Blue Trust Inc. lifted its holdings in Manchester United by 127.7% during the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock valued at $58,000 after purchasing an additional 1,883 shares during the last quarter. R Squared Ltd bought a new position in Manchester United during the fourth quarter worth about $130,000. Quantbot Technologies LP purchased a new position in shares of Manchester United in the fourth quarter worth about $156,000. Finally, National Bank of Canada FI increased its stake in shares of Manchester United by 213.1% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 23.34% of the company's stock.

Manchester United Stock Performance

Shares of NYSE:MANU traded up $0.09 during midday trading on Friday, reaching $13.89. 141,874 shares of the company traded hands, compared to its average volume of 300,376. Manchester United plc has a 12 month low of $12.05 and a 12 month high of $18.42. The firm's fifty day moving average price is $13.93 and its two-hundred day moving average price is $15.74. 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 firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of -13.62 and a beta of 0.64.

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

Wall Street Analysts Forecast Growth

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

About Manchester United

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.