416,454 Shares in Manchester United plc (NYSE:MANU) Purchased by Senvest Management LLC

Senvest Management LLC purchased a new stake in Manchester United plc (NYSE:MANU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 416,454 shares of the company's stock, valued at approximately $8,487,000. Senvest Management LLC owned 0.25% of Manchester United as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MANU. Citigroup Inc. raised its holdings in Manchester United by 4,255.3% in the 1st quarter. Citigroup Inc. now owns 3,310 shares of the company's stock valued at $48,000 after acquiring an additional 3,234 shares during the period. Federated Hermes Inc. raised its holdings in Manchester United by 27.4% in the 1st quarter. Federated Hermes Inc. now owns 135,000 shares of the company's stock valued at $1,953,000 after acquiring an additional 29,000 shares during the period. Gabelli Funds LLC raised its holdings in Manchester United by 6.3% in the 1st quarter. Gabelli Funds LLC now owns 218,000 shares of the company's stock valued at $3,154,000 after acquiring an additional 13,000 shares during the period. Northern Trust Corp increased its holdings in shares of Manchester United by 37.0% during the first quarter. Northern Trust Corp now owns 126,776 shares of the company's stock worth $1,835,000 after purchasing an additional 34,235 shares during the period. Finally, Ariel Investments LLC increased its holdings in shares of Manchester United by 12.4% during the first quarter. Ariel Investments LLC now owns 12,289,486 shares of the company's stock worth $177,829,000 after purchasing an additional 1,355,427 shares during the period. 23.34% of the stock is owned by institutional investors.

Manchester United Stock Performance

Shares of MANU traded up $0.28 during mid-day trading on Friday, hitting $14.85. 932,198 shares of the company's stock were exchanged, compared to its average volume of 878,458. Manchester United plc has a 52 week low of $13.50 and a 52 week high of $26.64. The stock's 50-day simple moving average is $16.28 and its 200-day simple moving average is $18.24. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -135.00 and a beta of 0.76. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 5.28.

Manchester United (NYSE:MANU - Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.32. The business had revenue of $280.37 million for the quarter, compared to analyst estimates of $245.09 million. Manchester United had a negative net margin of 1.98% and a negative return on equity of 12.29%. On average, equities research analysts expect that Manchester United plc will post -0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MANU. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Manchester United from $20.30 to $16.00 and set a "hold" rating on the stock in a report on Thursday, March 14th. StockNews.com raised shares of Manchester United to a "sell" rating in a report on Monday, March 18th.

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.