Miracle Mile Advisors LLC Sells 1,797 Shares of Manchester United plc (NYSE:MANU)

Miracle Mile Advisors LLC reduced its position in Manchester United plc (NYSE:MANU) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,103 shares of the company’s stock after selling 1,797 shares during the period. Miracle Mile Advisors LLC’s holdings in Manchester United were worth $198,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MANU. EverSource Wealth Advisors LLC raised its holdings in Manchester United by 129.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock worth $37,000 after buying an additional 1,188 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Manchester United by 55.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company’s stock worth $37,000 after acquiring an additional 758 shares in the last quarter. Blue Trust Inc. raised its holdings 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 acquiring an additional 1,883 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Manchester United in the 4th quarter worth about $156,000. Finally, National Bank of Canada FI lifted its position in Manchester United by 213.1% in the 4th quarter. National Bank of Canada FI now owns 9,686 shares of the company’s stock valued at $168,000 after acquiring an additional 6,592 shares in the last quarter. 23.34% of the stock is currently owned by institutional investors.

Manchester United Price Performance

Shares of NYSE:MANU opened at $16.93 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.35 and a debt-to-equity ratio of 2.62. The stock has a market cap of $2.87 billion, a PE ratio of -16.59 and a beta of 0.59. The stock’s fifty day simple moving average is $14.10 and its two-hundred day simple moving average is $15.13. Manchester United plc has a 1-year low of $12.05 and a 1-year high of $18.42.

Manchester United (NYSE:MANU) last released its quarterly earnings results on Friday, June 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.29. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. The company had revenue of $203.10 million for the quarter, compared to analyst estimates of $159.13 million. During the same period last year, the firm earned ($0.24) earnings per share. As a group, analysts forecast that Manchester United plc will post -0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Manchester United from a “sell” rating to a “hold” rating in a research note on Saturday, May 31st.

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.