Schonfeld Strategic Advisors LLC Purchases Shares of 40,706 Manchester United plc (NYSE:MANU)

Schonfeld Strategic Advisors LLC acquired a new position in Manchester United plc (NYSE:MANU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 40,706 shares of the company's stock, valued at approximately $706,000.

A number of other large investors have also recently made changes to their positions in the stock. Northern Trust Corp raised its stake in Manchester United by 59.2% during the 4th quarter. Northern Trust Corp now owns 204,805 shares of the company's stock worth $3,553,000 after acquiring an additional 76,181 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Manchester United in the 4th quarter worth $226,000. Antara Capital LP raised its holdings in Manchester United by 822.3% during the fourth quarter. Antara Capital LP now owns 184,450 shares of the company's stock valued at $3,200,000 after acquiring an additional 164,450 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Manchester United by 55.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock valued at $37,000 after acquiring an additional 758 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Manchester United by 35.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 223,400 shares of the company's stock worth $3,876,000 after acquiring an additional 59,000 shares during the period. 23.34% of the stock is owned by hedge funds and other institutional investors.

Manchester United Stock Down 0.1 %

MANU opened at $14.31 on Friday. Manchester United plc has a 52 week low of $12.05 and a 52 week 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 50-day simple moving average of $13.65 and a two-hundred day simple moving average of $15.51. The company has a market capitalization of $2.42 billion, a PE ratio of -14.03 and a beta of 0.59.

Manchester United (NYSE:MANU - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $254.62 million for the quarter, compared to the consensus estimate of $248.15 million. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. Analysts forecast that Manchester United plc will post -0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Manchester United to a "sell" rating in a research note 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.

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