Clark Estates Inc. NY boosted its holdings in Manchester United PLC (NYSE:MANU) by 19.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,298 shares of the company’s stock after purchasing an additional 16,800 shares during the quarter. Clark Estates Inc. NY’s holdings in Manchester United were worth $2,005,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position in 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 purchased a new stake in Manchester United in the 4th quarter valued at $37,000. Geode Capital Management LLC raised its position in 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. JPMorgan Chase & Co. increased its stake in Manchester United by 104,582.9% in the 1st quarter. JPMorgan Chase & Co. now owns 36,639 shares of the company’s stock valued at $705,000 after buying an additional 36,604 shares during the period. Finally, Spark Investment Management LLC increased its stake in Manchester United by 65.3% in the 1st quarter. Spark Investment Management LLC now owns 42,600 shares of the company’s stock valued at $818,000 after buying an additional 16,825 shares during the period. Hedge funds and other institutional investors own 85.29% of the company’s stock.
Shares of MANU opened at $18.43 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.09. The firm has a market capitalization of $747.22 million, a price-to-earnings ratio of 131.64, a PEG ratio of 3.86 and a beta of 0.62. Manchester United PLC has a 1 year low of $16.91 and a 1 year high of $27.70.
Several equities analysts have issued reports on MANU shares. Zacks Investment Research raised shares of Manchester United from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday. ValuEngine cut 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 price objective on shares of Manchester United and gave the company a “hold” rating in a research note on Wednesday, February 20th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price 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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