73,290 Shares in Manchester United Ltd. $MANU Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new position in Manchester United Ltd. (NYSE:MANU) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 73,290 shares of the company’s stock, valued at approximately $1,110,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Manchester United during the second quarter valued at approximately $29,000. Quantbot Technologies LP boosted its position in shares of Manchester United by 105.3% during the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock worth $114,000 after acquiring an additional 3,273 shares during the last quarter. Saranac Partners Ltd purchased a new position in Manchester United during the third quarter valued at $169,000. Orion Porfolio Solutions LLC purchased a new position in Manchester United during the second quarter valued at $179,000. Finally, Savant Capital LLC increased its holdings in Manchester United by 13.1% in the 3rd quarter. Savant Capital LLC now owns 12,357 shares of the company’s stock valued at $187,000 after acquiring an additional 1,427 shares during the last quarter. 23.34% of the stock is owned by hedge funds and other institutional investors.

Manchester United Stock Up 0.4%

Shares of MANU opened at $16.41 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.32 and a debt-to-equity ratio of 2.52. The business has a fifty day moving average of $17.20 and a 200 day moving average of $16.48. The company has a market cap of $2.83 billion, a PE ratio of -234.42 and a beta of 0.50. Manchester United Ltd. has a 52-week low of $12.05 and a 52-week high of $19.65.

Manchester United (NYSE:MANU) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). Manchester United had a negative net margin of 1.39% and a negative return on equity of 4.85%. The firm had revenue of $255.92 million for the quarter, compared to the consensus estimate of $251.72 million. On average, sell-side analysts expect that Manchester United Ltd. will post -0.74 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of Manchester United from a “hold” rating to a “strong sell” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Manchester United in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About Manchester United

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.