JPMorgan Chase & Co. lifted its stake in shares of Manchester United plc (NYSE:MANU – Free Report) by 40.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 59,335 shares of the company’s stock after acquiring an additional 16,991 shares during the period. JPMorgan Chase & Co.’s holdings in Manchester United were worth $960,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of MANU. Lancaster Investment Management acquired a new stake in Manchester United during the third quarter worth about $9,094,000. Harvey Partners LLC grew its holdings in shares of Manchester United by 156.9% during the 3rd quarter. Harvey Partners LLC now owns 740,000 shares of the company’s stock worth $11,973,000 after purchasing an additional 452,000 shares during the period. Janus Henderson Group PLC increased its position in Manchester United by 24.5% during the 3rd quarter. Janus Henderson Group PLC now owns 614,965 shares of the company’s stock worth $9,950,000 after purchasing an additional 121,211 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Manchester United in the second quarter valued at approximately $686,000. Finally, PDT Partners LLC purchased a new position in Manchester United in the third quarter valued at approximately $274,000. 23.34% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have issued reports on MANU shares. UBS Group assumed coverage on shares of Manchester United in a research note on Tuesday, December 17th. They set a “buy” rating and a $23.00 price objective for the company. StockNews.com raised shares of Manchester United to a “sell” rating in a research report on Tuesday, January 21st.
Manchester United Stock Performance
Shares of NYSE:MANU opened at $16.23 on Friday. The business’s 50-day simple moving average is $16.93 and its 200 day simple moving average is $16.80. The company has a market cap of $2.75 billion, a P/E ratio of -24.59 and a beta of 0.66. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.35 and a current ratio of 0.36. Manchester United plc has a one year low of $13.50 and a one year high of $22.00.
Manchester United Company 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.
Further Reading
- Five stocks we like better than Manchester United
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Bloom Energy: Powering the Future With Decentralized Energy
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- Stock Sentiment Analysis: How it Works
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Want to see what other hedge funds are holding MANU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manchester United plc (NYSE:MANU – Free Report).
Receive News & Ratings for Manchester United Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manchester United and related companies with MarketBeat.com's FREE daily email newsletter.