CI Investments Inc. Raises Stock Position in Manchester United Ltd. $MANU

CI Investments Inc. lifted its stake in Manchester United Ltd. (NYSE:MANUFree Report) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 420,282 shares of the company’s stock after purchasing an additional 22,554 shares during the period. CI Investments Inc.’s holdings in Manchester United were worth $7,069,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MANU. Royal Bank of Canada boosted its stake in shares of Manchester United by 65.0% during the 1st quarter. Royal Bank of Canada now owns 77,687 shares of the company’s stock valued at $1,017,000 after purchasing an additional 30,604 shares in the last quarter. Jane Street Group LLC raised its stake in Manchester United by 156.3% in the first quarter. Jane Street Group LLC now owns 28,558 shares of the company’s stock worth $374,000 after buying an additional 79,290 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Manchester United by 10.8% in the second quarter. JPMorgan Chase & Co. now owns 207,731 shares of the company’s stock worth $3,700,000 after buying an additional 20,251 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Manchester United by 105.3% in the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock worth $114,000 after buying an additional 3,273 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Manchester United by 48.9% in the second quarter. Marshall Wace LLP now owns 283,574 shares of the company’s stock worth $5,050,000 after buying an additional 93,111 shares during the period. Institutional investors own 23.34% of the company’s stock.

Trending Headlines about Manchester United

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Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MANU. Wall Street Zen upgraded Manchester United from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Weiss Ratings upgraded Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

View Our Latest Research Report on Manchester United

Manchester United Price Performance

Shares of MANU opened at $22.34 on Friday. Manchester United Ltd. has a fifty-two week low of $14.59 and a fifty-two week high of $24.22. The firm’s 50-day simple moving average is $21.87 and its two-hundred day simple moving average is $18.94. The stock has a market cap of $3.85 billion, a PE ratio of -159.55 and a beta of 0.60. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.35 and a current ratio of 0.37.

Manchester United (NYSE:MANUGet Free Report) last released its earnings results on Wednesday, May 27th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.10. Manchester United had a negative net margin of 2.67% and a positive return on equity of 0.64%. The firm had revenue of $250.96 million during the quarter, compared to analyst estimates of $220.94 million.

Manchester United Company Profile

(Free Report)

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.

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

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