Manchester United Ltd. $MANU Stock Position Lowered by Lindsell Train Ltd

Lindsell Train Ltd lessened its stake in Manchester United Ltd. (NYSE:MANU) by 9.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,507,500 shares of the company’s stock after selling 250,946 shares during the quarter. Manchester United comprises approximately 2.3% of Lindsell Train Ltd’s investment portfolio, making the stock its 12th biggest position. Lindsell Train Ltd’s holdings in Manchester United were worth $52,532,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. raised its position in shares of Manchester United by 32.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,925,251 shares of the company’s stock worth $40,334,000 after purchasing an additional 473,102 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Manchester United by 110.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,104,738 shares of the company’s stock worth $18,582,000 after buying an additional 580,887 shares during the last quarter. Janus Henderson Group PLC increased its stake in Manchester United by 13.7% during the 1st quarter. Janus Henderson Group PLC now owns 645,790 shares of the company’s stock worth $10,862,000 after buying an additional 77,804 shares in the last quarter. Gabelli Funds LLC increased its stake in Manchester United by 26.2% during the 1st quarter. Gabelli Funds LLC now owns 619,318 shares of the company’s stock worth $10,417,000 after buying an additional 128,655 shares in the last quarter. Finally, CI Investments Inc. increased its stake in Manchester United by 5.7% during the 1st quarter. CI Investments Inc. now owns 420,282 shares of the company’s stock worth $7,069,000 after buying an additional 22,554 shares in the last quarter. 23.34% of the stock is currently owned by institutional investors and hedge funds.

Manchester United Stock Performance

NYSE MANU opened at $22.38 on Friday. The stock has a market cap of $3.86 billion, a PE ratio of -67.80 and a beta of 0.76. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 3.84. Manchester United Ltd. has a twelve month low of $14.85 and a twelve month high of $24.45. The stock has a fifty day simple moving average of $20.77 and a 200-day simple moving average of $20.00.

Manchester United (NYSE:MANU) last posted its quarterly earnings data on Wednesday, September 23rd. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.18. Manchester United had a negative net margin of 6.36% and a negative return on equity of 12.22%. The firm had revenue of $208.66 million during the quarter, compared to analysts’ expectations of $192.23 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Manchester United in a research report on Friday, September 11th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About Manchester United

Manchester United plc (NYSE: MANU) owns and operates Manchester United Football Club, one of the world’s best-known professional soccer teams. The club competes in England’s Premier League and fields men’s, women’s and academy teams. Its activities include sporting operations, ticket sales, matchday hospitality and events, sponsorships, broadcasting and licensing.

The club traces its origins to 1878, when it was founded as Newton Heath Lancashire and Yorkshire Railway Football Club. It adopted the name Manchester United in 1902 and plays its home matches at Old Trafford in Manchester, England.