Segantii Capital Management Ltd Invests $17.53 Million in Manchester United plc (NYSE:MANU)

Segantii Capital Management Ltd acquired a new stake in shares of Manchester United plc (NYSE:MANU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 860,000 shares of the company's stock, valued at approximately $17,527,000. Manchester United accounts for approximately 0.9% of Segantii Capital Management Ltd's holdings, making the stock its 27th largest holding. Segantii Capital Management Ltd owned 0.52% of Manchester United as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Byrne Asset Management LLC grew its position in Manchester United by 40.1% during the fourth quarter. Byrne Asset Management LLC now owns 2,830 shares of the company's stock valued at $58,000 after acquiring an additional 810 shares during the period. Quantbot Technologies LP acquired a new position in shares of Manchester United during the third quarter worth about $59,000. Fox Run Management L.L.C. purchased a new stake in shares of Manchester United in the third quarter worth about $309,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Manchester United by 7.4% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 51,400 shares of the company's stock valued at $1,017,000 after buying an additional 3,550 shares in the last quarter. Finally, Kepos Capital LP raised its holdings in shares of Manchester United by 30.8% during the 3rd quarter. Kepos Capital LP now owns 175,000 shares of the company's stock valued at $3,463,000 after buying an additional 41,196 shares during the period. 23.34% of the stock is currently owned by institutional investors and hedge funds.

Manchester United Stock Up 1.7 %

NYSE MANU traded up $0.27 during mid-day trading on Thursday, reaching $15.75. 240,887 shares of the company's stock traded hands, compared to its average volume of 1,350,100. The company has a fifty day simple moving average of $14.77 and a 200-day simple moving average of $17.63. Manchester United plc has a 1-year low of $13.50 and a 1-year high of $26.64. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -143.18 and a beta of 0.70. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 5.28.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on MANU shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Manchester United from $20.30 to $16.00 and set a "hold" rating for the company in a research report on Thursday, March 14th. StockNews.com raised shares of Manchester United to a "sell" rating in a report on Monday.

Manchester United Company 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.