Millennium Management LLC Sells 19,916 Shares of Manchester United plc (NYSE:MANU)

Millennium Management LLC lowered its position in shares of Manchester United plc (NYSE:MANU) by 63.6% in the fourth quarter, HoldingsChannel reports. The fund owned 11,398 shares of the company’s stock after selling 19,916 shares during the period. Millennium Management LLC’s holdings in Manchester United were worth $198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MANU. EverSource Wealth Advisors LLC increased its holdings in 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 purchasing an additional 1,188 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Manchester United by 55.2% in the fourth 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 last quarter. Blue Trust Inc. increased its holdings in Manchester United by 127.7% in the fourth 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 last quarter. Quantbot Technologies LP bought a new stake in Manchester United in the fourth quarter valued at about $156,000. Finally, National Bank of Canada FI increased its holdings in Manchester United by 213.1% in the fourth quarter. National Bank of Canada FI now owns 9,686 shares of the company’s stock valued at $168,000 after purchasing an additional 6,592 shares during the last quarter. Institutional investors own 23.34% of the company’s stock.

Manchester United Trading Up 2.2%

NYSE MANU opened at $17.27 on Friday. The stock has a 50-day simple moving average of $14.20 and a 200 day simple moving average of $15.13. The company has a market capitalization of $2.92 billion, a PE ratio of -16.93 and a beta of 0.59. The company has a current ratio of 0.41, a quick ratio of 0.35 and a debt-to-equity ratio of 2.62. Manchester United plc has a 12 month low of $12.05 and a 12 month high of $18.42.

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

Wall Street Analyst Weigh In

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

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.