Manchester United plc (NYSE:MANU) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Manchester United plc (NYSE:MANU - Free Report) by 104.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,121 shares of the company's stock after purchasing an additional 61,786 shares during the period. JPMorgan Chase & Co. owned 0.07% of Manchester United worth $2,101,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Manchester United by 129.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock valued at $37,000 after purchasing an additional 1,188 shares in the last quarter. Blue Trust Inc. lifted its stake in Manchester United by 127.7% in the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock worth $58,000 after acquiring an additional 1,883 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in shares of Manchester United by 15.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 16,900 shares of the company's stock worth $293,000 after buying an additional 2,300 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of Manchester United by 23.8% during the 4th quarter. Bleakley Financial Group LLC now owns 23,992 shares of the company's stock worth $416,000 after buying an additional 4,606 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Manchester United during the 4th quarter worth approximately $130,000. 23.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Manchester United Stock Performance

NYSE:MANU traded down $0.01 during trading hours on Tuesday, reaching $13.85. 202,930 shares of the company's stock were exchanged, compared to its average volume of 289,402. Manchester United plc has a 1-year low of $12.05 and a 1-year high of $18.42. 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 $2.34 billion, a price-to-earnings ratio of -13.57 and a beta of 0.64. The company has a 50-day moving average of $13.72 and a 200 day moving average of $15.63.

Manchester United (NYSE:MANU - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $248.15 million. Research analysts anticipate that Manchester United plc will post -0.74 EPS for the current year.

Manchester United 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.