EverSource Wealth Advisors LLC Buys 1,188 Shares of Manchester United plc (NYSE:MANU)

EverSource Wealth Advisors LLC grew its stake in Manchester United plc (NYSE:MANU) by 129.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,109 shares of the company’s stock after purchasing an additional 1,188 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Manchester United were worth $37,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new stake in Manchester United during the 3rd quarter valued at about $49,000. Blue Trust Inc. lifted its stake in shares of Manchester United by 127.7% in the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after buying an additional 1,883 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Manchester United during the fourth quarter valued at approximately $130,000. Krilogy Financial LLC bought a new stake in shares of Manchester United during the fourth quarter valued at approximately $208,000. Finally, Verition Fund Management LLC bought a new stake in shares of Manchester United during the third quarter valued at approximately $209,000. 23.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MANU has been the topic of several recent analyst reports. StockNews.com upgraded Manchester United to a “sell” rating in a research note on Tuesday, January 21st. UBS Group began coverage on Manchester United in a report on Tuesday, December 17th. They set a “buy” rating and a $23.00 price target on the stock.

Manchester United Stock Up 0.1 %

MANU opened at $13.85 on Friday. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -13.58 and a beta of 0.66. The firm has a 50 day moving average price of $15.19 and a 200-day moving average price of $16.22. Manchester United plc has a twelve month low of $13.20 and a twelve month high of $18.42. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62.

Manchester United (NYSE:MANU) last announced its earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $254.62 million during the quarter, compared to analyst estimates of $248.15 million. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. Equities research analysts forecast that Manchester United plc will post -0.74 earnings per share for the current 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.