Spark Investment Management LLC Boosts Holdings in Manchester United PLC (MANU)

Spark Investment Management LLC boosted its holdings in shares of Manchester United PLC (NYSE:MANU) by 65.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,600 shares of the company’s stock after acquiring an additional 16,825 shares during the quarter. Spark Investment Management LLC’s holdings in Manchester United were worth $818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MANU. Acadian Asset Management LLC boosted its stake in shares of Manchester United by 443.9% in the 4th quarter. Acadian Asset Management LLC now owns 1,686 shares of the company’s stock valued at $32,000 after purchasing an additional 1,376 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Manchester United in the 4th quarter valued at $37,000. Geode Capital Management LLC boosted its stake in shares of Manchester United by 47.3% in the 4th quarter. Geode Capital Management LLC now owns 18,378 shares of the company’s stock valued at $348,000 after purchasing an additional 5,905 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Manchester United by 35.2% in the 4th quarter. Two Sigma Advisers LP now owns 45,434 shares of the company’s stock valued at $862,000 after purchasing an additional 11,822 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Manchester United in the 4th quarter valued at $873,000. 85.29% of the stock is currently owned by hedge funds and other institutional investors.

MANU opened at $18.79 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.09. Manchester United PLC has a 1-year low of $16.91 and a 1-year high of $27.70. The firm has a market cap of $747.22 million, a price-to-earnings ratio of 134.21, a price-to-earnings-growth ratio of 3.86 and a beta of 0.62.

Manchester United (NYSE:MANU) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.10. Manchester United had a net margin of 3.67% and a return on equity of 13.45%. The firm had revenue of $152.10 million for the quarter, compared to the consensus estimate of $156.97 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Manchester United PLC will post 0.22 earnings per share for the current year.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Manchester United from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Wednesday. ValuEngine lowered shares of Manchester United from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, Deutsche Bank set a $20.00 target price on shares of Manchester United and gave the stock a “hold” rating in a research note on Wednesday, February 20th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $22.75.

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About Manchester United

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.

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Institutional Ownership by Quarter for Manchester United (NYSE:MANU)

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