Manchester United plc (NYSE:MANU) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Manchester United plc (NYSE:MANU) by 104.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,121 shares of the company’s stock after acquiring an additional 61,786 shares during the period. JPMorgan Chase & Co.’s holdings in Manchester United were worth $2,101,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MANU. Lancaster Investment Management boosted its stake in shares of Manchester United by 45.2% during the 4th quarter. Lancaster Investment Management now owns 816,351 shares of the company’s stock worth $14,164,000 after acquiring an additional 254,280 shares in the last quarter. Blue Trust Inc. boosted its position 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 valued at $58,000 after purchasing an additional 1,883 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Manchester United in the 4th quarter valued at $302,000. EverSource Wealth Advisors LLC increased its stake in Manchester United by 129.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock worth $37,000 after purchasing an additional 1,188 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Manchester United during the 4th quarter worth about $156,000. 23.34% of the stock is currently owned by institutional investors.

Manchester United Stock Performance

MANU opened at $14.05 on Thursday. 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 company has a market cap of $2.38 billion, a PE ratio of -13.77 and a beta of 0.64. The stock has a 50-day moving average of $13.82 and a 200-day moving average of $15.69. Manchester United plc has a 52-week low of $12.05 and a 52-week high of $18.42.

Manchester United (NYSE:MANU) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $254.62 million for the quarter, compared to analyst estimates of $248.15 million. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. As a group, equities research analysts forecast that Manchester United plc will post -0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About Manchester United

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.