Bamco Inc. NY Has $1.56 Million Stake in Manchester United plc (NYSE:MANU)

Bamco Inc. NY decreased its position in Manchester United plc (NYSE:MANU) by 91.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,479 shares of the company’s stock after selling 1,217,640 shares during the period. Bamco Inc. NY’s holdings in Manchester United were worth $1,556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MANU. Gabelli Funds LLC raised its holdings in shares of Manchester United by 8.0% during the first quarter. Gabelli Funds LLC now owns 340,876 shares of the company’s stock valued at $4,759,000 after purchasing an additional 25,168 shares during the period. Entropy Technologies LP acquired a new position in shares of Manchester United during the first quarter valued at about $462,000. Bleakley Financial Group LLC acquired a new position in shares of Manchester United during the first quarter valued at about $3,195,000. BNP Paribas Financial Markets raised its holdings in shares of Manchester United by 912.0% during the first quarter. BNP Paribas Financial Markets now owns 2,277 shares of the company’s stock valued at $32,000 after purchasing an additional 2,052 shares during the period. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Manchester United by 21.0% during the first quarter. Pinnacle Associates Ltd. now owns 1,166,263 shares of the company’s stock valued at $16,281,000 after purchasing an additional 202,702 shares during the period. Institutional investors and hedge funds own 23.34% of the company’s stock.

Wall Street Analysts Forecast Growth

MANU has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Manchester United from $16.00 to $18.50 and gave the stock a “hold” rating in a report on Wednesday, July 24th. StockNews.com upgraded shares of Manchester United to a “sell” rating in a report on Tuesday, June 18th.

Manchester United Stock Down 0.2 %

MANU stock traded down $0.03 during trading on Monday, reaching $17.00. The stock had a trading volume of 196,265 shares, compared to its average volume of 988,346. Manchester United plc has a one year low of $13.50 and a one year high of $24.60. The company’s 50 day moving average is $16.59 and its two-hundred day moving average is $16.58. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 5.28.

Manchester United (NYSE:MANU) last released its earnings results on Wednesday, July 10th. The company reported ($0.31) earnings per share for the quarter. Manchester United had a negative net margin of 11.79% and a negative return on equity of 45.59%. The company had revenue of $173.36 million for the quarter. On average, analysts predict that Manchester United plc will post -0.53 EPS for the current fiscal year.

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.