Krilogy Financial LLC Raises Stock Holdings in Manchester United Ltd. $MANU

Krilogy Financial LLC raised its position in Manchester United Ltd. (NYSE:MANU) by 78.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,966 shares of the company’s stock after acquiring an additional 38,550 shares during the quarter. Krilogy Financial LLC owned approximately 0.05% of Manchester United worth $1,517,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MANU. Raymond James Financial Inc. purchased a new position in shares of Manchester United during the second quarter valued at approximately $29,000. Quarry LP purchased a new stake in Manchester United in the fourth quarter worth about $30,000. Garner Asset Management Corp bought a new position in shares of Manchester United in the 4th quarter worth approximately $97,000. Quantbot Technologies LP lifted its stake in shares of Manchester United by 105.3% in the 2nd quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock valued at $114,000 after purchasing an additional 3,273 shares during the period. Finally, Saranac Partners Ltd bought a new stake in shares of Manchester United during the third quarter valued at approximately $169,000. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Manchester United Price Performance

Shares of NYSE MANU opened at $21.15 on Thursday. The firm has a market cap of $3.65 billion, a P/E ratio of -151.06 and a beta of 0.61. Manchester United Ltd. has a twelve month low of $14.59 and a twelve month high of $24.22. The company has a quick ratio of 0.35, a current ratio of 0.37 and a debt-to-equity ratio of 2.73. The company has a 50 day moving average of $20.05 and a 200 day moving average of $17.94.

Manchester United (NYSE:MANU) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.10. The firm had revenue of $250.96 million during the quarter, compared to analysts’ expectations of $220.94 million. Manchester United had a positive return on equity of 0.64% and a negative net margin of 2.67%.

Wall Street Analyst Weigh In

MANU has been the topic of a number of analyst reports. Weiss Ratings raised Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. Wall Street Zen raised Manchester United from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Manchester United Profile

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.