Brown Brothers Harriman & Co. Makes New Investment in Manchester United plc (NYSE:MANU)

Brown Brothers Harriman & Co. purchased a new position in shares of Manchester United plc (NYSE:MANU) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 3,000 shares of the company’s stock, valued at approximately $49,000.

A number of other hedge funds have also recently made changes to their positions in the business. Simplicity Wealth LLC grew its holdings in shares of Manchester United by 1.5% during the 2nd quarter. Simplicity Wealth LLC now owns 232,370 shares of the company’s stock valued at $3,750,000 after purchasing an additional 3,483 shares during the last quarter. Dnca Finance bought a new position in shares of Manchester United during the second quarter valued at about $53,000. Krilogy Financial LLC increased its holdings in shares of Manchester United by 80.0% in the second quarter. Krilogy Financial LLC now owns 36,000 shares of the company’s stock worth $581,000 after buying an additional 16,000 shares during the period. Emfo LLC bought a new stake in shares of Manchester United in the 2nd quarter valued at about $50,000. Finally, Pinnacle Associates Ltd. boosted its holdings in Manchester United by 15.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 1,351,534 shares of the company’s stock valued at $21,814,000 after acquiring an additional 185,271 shares during the period. 23.34% of the stock is currently owned by institutional investors.

Manchester United Price Performance

Shares of Manchester United stock opened at $17.03 on Friday. The stock has a market capitalization of $2.88 billion, a P/E ratio of -19.57 and a beta of 0.69. Manchester United plc has a one year low of $13.50 and a one year high of $22.00. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.36 and a quick ratio of 0.35. The business’s 50 day simple moving average is $16.60 and its two-hundred day simple moving average is $16.67.

Manchester United (NYSE:MANU) last posted its quarterly earnings results on Wednesday, September 11th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $179.43 million during the quarter, compared to analyst estimates of $180.82 million. Manchester United had a negative net margin of 17.28% and a negative return on equity of 55.05%. Analysts forecast that Manchester United plc will post -0.74 EPS for the current year.

About Manchester United

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.