Connable Office Inc. maintained its stake in Manchester United Ltd. (NYSE:MANU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,600 shares of the company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Manchester United were worth $254,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of Manchester United by 1.1% in the first quarter. Morgan Stanley now owns 177,295 shares of the company’s stock worth $2,997,000 after buying an additional 1,868 shares during the last quarter. Gabelli Funds LLC boosted its stake in Manchester United by 6.9% in the first quarter. Gabelli Funds LLC now owns 31,000 shares of the company’s stock worth $524,000 after buying an additional 2,000 shares during the period. Roundview Capital LLC boosted its stake in Manchester United by 6.3% in the first quarter. Roundview Capital LLC now owns 47,875 shares of the company’s stock worth $809,000 after buying an additional 2,850 shares during the period. Oxford Asset Management boosted its stake in Manchester United by 21.0% in the first quarter. Oxford Asset Management now owns 20,558 shares of the company’s stock worth $347,000 after buying an additional 3,570 shares during the period. Finally, Bank of America Corp DE boosted its stake in Manchester United by 19.6% in the first quarter. Bank of America Corp DE now owns 26,160 shares of the company’s stock worth $442,000 after buying an additional 4,290 shares during the period. Institutional investors and hedge funds own 73.17% of the company’s stock.
Manchester United Ltd. (MANU) opened at 16.75 on Friday. The firm has a market capitalization of $2.75 billion, a P/E ratio of 149.55 and a beta of 0.53. The firm’s 50-day moving average is $16.74 and its 200-day moving average is $16.52. Manchester United Ltd. has a 52-week low of $14.10 and a 52-week high of $18.30.
Manchester United (NYSE:MANU) last issued its quarterly earnings results on Tuesday, May 16th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). Manchester United had a return on equity of 4.36% and a net margin of 2.51%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $119.67 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The company’s revenue was up 931.8% compared to the same quarter last year. On average, equities analysts expect that Manchester United Ltd. will post $16.02 earnings per share for the current year.
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A number of analysts have issued reports on MANU shares. Zacks Investment Research cut shares of Manchester United from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Manchester United from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 target price on shares of Manchester United in a research note on Monday, July 3rd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $19.00 target price (up from $18.00) on shares of Manchester United in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.85.
About Manchester United
Manchester United plc is engaged in the operation of a professional football club together with related and ancillary activities. Its football operations primarily comprise various activities, such as its first team, reserve team, youth academy, global scouting networks and other operations, such as its sport science, medical and fitness operations at the Aon Training Complex.
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