Mariner LLC Has $1.02 Million Stock Holdings in Manchester United plc (NYSE:MANU)

Mariner LLC grew its position in Manchester United plc (NYSE:MANU - Free Report) by 134.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,681 shares of the company's stock after buying an additional 33,604 shares during the quarter. Mariner LLC's holdings in Manchester United were worth $1,018,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings 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 valued at $37,000 after acquiring an additional 1,188 shares in the last quarter. Blue Trust Inc. raised 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 buying an additional 1,883 shares in the last quarter. R Squared Ltd acquired a new position in shares of Manchester United during the 4th quarter valued at about $130,000. Quantbot Technologies LP bought a new stake in Manchester United during the fourth quarter worth approximately $156,000. Finally, National Bank of Canada FI raised its position 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 valued at $168,000 after purchasing an additional 6,592 shares during the period. 23.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Manchester United Stock Performance

Manchester United stock traded up $0.30 during trading hours on Friday, hitting $14.07. The stock had a trading volume of 56,205 shares, compared to its average volume of 261,835. The company has a market cap of $2.38 billion, a PE ratio of -13.79 and a beta of 0.64. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62. Manchester United plc has a fifty-two week low of $12.05 and a fifty-two week high of $18.42. The company has a 50-day moving average of $13.68 and a two-hundred day moving average of $15.60.

Manchester United (NYSE:MANU - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $254.62 million during the quarter, compared to analyst estimates 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, equities research analysts anticipate that Manchester United plc will post -0.74 EPS for the current fiscal 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.