Tower Research Capital LLC TRC Cuts Holdings in Manchester United plc (NYSE:MANU)

Tower Research Capital LLC TRC reduced its position in Manchester United plc (NYSE:MANU) by 70.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,122 shares of the company’s stock after selling 5,114 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Manchester United were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MANU. Segantii Capital Management Ltd acquired a new stake in Manchester United in the 4th quarter valued at $17,527,000. Bamco Inc. NY increased its holdings in Manchester United by 57.3% in the 3rd quarter. Bamco Inc. NY now owns 1,169,398 shares of the company’s stock valued at $23,142,000 after purchasing an additional 426,040 shares in the last quarter. Senvest Management LLC acquired a new stake in Manchester United in the 4th quarter valued at $8,487,000. Eminence Capital LP increased its holdings in Manchester United by 7.1% in the 3rd quarter. Eminence Capital LP now owns 4,243,661 shares of the company’s stock valued at $83,982,000 after purchasing an additional 279,487 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in shares of Manchester United by 290.1% during the third quarter. Adage Capital Partners GP L.L.C. now owns 373,964 shares of the company’s stock valued at $7,401,000 after acquiring an additional 278,111 shares in the last quarter. 23.34% of the stock is owned by hedge funds and other institutional investors.

Manchester United Stock Down 1.2 %

NYSE:MANU traded down $0.20 during mid-day trading on Thursday, reaching $15.83. The stock had a trading volume of 548,682 shares, compared to its average volume of 1,401,821. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -145.64 and a beta of 0.70. Manchester United plc has a 1-year low of $13.50 and a 1-year high of $26.64. The stock’s 50 day simple moving average is $14.73 and its two-hundred day simple moving average is $17.72. The company has a debt-to-equity ratio of 5.28, a current ratio of 0.37 and a quick ratio of 0.36.

Manchester United (NYSE:MANU) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.14 EPS 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 return on equity of 12.29% and a negative net margin of 1.98%. Equities analysts anticipate that Manchester United plc will post -0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MANU shares. StockNews.com upgraded Manchester United to a “sell” rating in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Manchester United from $20.30 to $16.00 and set a “hold” rating for the company in a research note on Thursday, March 14th.

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.