Manchester United plc (NYSE:MANU) Stock Position Lessened by Ionic Capital Management LLC

Ionic Capital Management LLC reduced its stake in shares of Manchester United plc (NYSE:MANU) by 27.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,180 shares of the company’s stock after selling 13,120 shares during the quarter. Ionic Capital Management LLC’s holdings in Manchester United were worth $593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MANU. EverSource Wealth Advisors LLC boosted its holdings in shares of Manchester United by 129.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock valued at $37,000 after acquiring an additional 1,188 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Manchester United by 55.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company’s stock valued at $37,000 after purchasing an additional 758 shares during the period. Blue Trust Inc. raised its stake in shares of Manchester United by 127.7% in the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after buying an additional 1,883 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Manchester United in the fourth quarter valued at $130,000. Finally, Quantbot Technologies LP bought a new position in Manchester United during the fourth quarter valued at about $156,000. Institutional investors own 23.34% of the company’s stock.

Manchester United Trading Down 0.1 %

Shares of NYSE:MANU opened at $14.31 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.35 and a current ratio of 0.41. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -14.03 and a beta of 0.59. Manchester United plc has a 1-year low of $12.05 and a 1-year high of $18.42. The company has a 50 day moving average price of $13.65 and a 200 day moving average price of $15.51.

Manchester United (NYSE:MANU) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $254.62 million during 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%. On average, research analysts anticipate that Manchester United plc will post -0.74 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Manchester United to a “sell” rating in a research report on Tuesday, January 21st.

Manchester United 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.