Manchester United plc (NYSE:MANU) Shares Purchased by Antara Capital LP

Antara Capital LP increased its position in shares of Manchester United plc (NYSE:MANU - Free Report) by 822.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 184,450 shares of the company's stock after buying an additional 164,450 shares during the period. Manchester United accounts for approximately 5.0% of Antara Capital LP's holdings, making the stock its 8th biggest position. Antara Capital LP owned about 0.11% of Manchester United worth $3,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its position in shares of Manchester United by 129.0% in 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. Tower Research Capital LLC TRC grew its holdings in Manchester United by 55.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock worth $37,000 after acquiring an additional 758 shares during the last quarter. Blue Trust Inc. increased its position in Manchester United by 127.7% in the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock valued at $58,000 after acquiring an additional 1,883 shares in the last quarter. R Squared Ltd acquired a new position in shares of Manchester United during the fourth quarter worth approximately $130,000. Finally, Quantbot Technologies LP bought a new stake in shares of Manchester United during the fourth quarter valued at approximately $156,000. 23.34% of the stock is owned by institutional investors and hedge funds.

Manchester United Trading Down 0.2 %

Shares of NYSE MANU traded down $0.03 during mid-day trading on Wednesday, hitting $13.83. The company's stock had a trading volume of 21,593 shares, compared to its average volume of 288,349. 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 stock has a market cap of $2.34 billion, a price-to-earnings ratio of -13.56 and a beta of 0.64. The company's fifty day simple moving average is $13.72 and its 200-day simple moving average is $15.63. Manchester United plc has a one year low of $12.05 and a one year high of $18.42.

Manchester United (NYSE:MANU - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company 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, sell-side analysts anticipate that Manchester United plc will post -0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Manchester United to a "sell" rating in a research report 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.