Manchester United plc (NYSE:MANU) Shares Sold by Senvest Management LLC

Senvest Management LLC lessened its stake in Manchester United plc (NYSE:MANU) by 5.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,558,392 shares of the company’s stock after selling 94,880 shares during the period. Manchester United accounts for 0.9% of Senvest Management LLC’s portfolio, making the stock its 27th biggest holding. Senvest Management LLC owned about 0.92% of Manchester United worth $25,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of MANU. BNP Paribas Financial Markets increased its stake in shares of Manchester United by 912.0% during the first quarter. BNP Paribas Financial Markets now owns 2,277 shares of the company’s stock valued at $32,000 after acquiring an additional 2,052 shares during the period. Gabelli Funds LLC increased its position in shares of Manchester United by 8.0% during the 1st quarter. Gabelli Funds LLC now owns 340,876 shares of the company’s stock valued at $4,759,000 after purchasing an additional 25,168 shares during the period. Garner Asset Management Corp acquired a new position in shares of Manchester United during the 1st quarter valued at $153,000. Simplicity Wealth LLC raised its stake in shares of Manchester United by 1.5% in the 2nd quarter. Simplicity Wealth LLC now owns 232,370 shares of the company’s stock worth $3,750,000 after buying an additional 3,483 shares in the last quarter. Finally, Dnca Finance acquired a new stake in shares of Manchester United in the second quarter valued at $53,000. Institutional investors and hedge funds own 23.34% of the company’s stock.

Manchester United Trading Up 0.2 %

Shares of MANU stock opened at $17.50 on Friday. The stock has a 50-day simple moving average of $16.55 and a 200 day simple moving average of $16.64. The stock has a market capitalization of $2.96 billion, a P/E ratio of -20.11 and a beta of 0.69. Manchester United plc has a fifty-two week low of $13.50 and a fifty-two week high of $22.00. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 3.53.

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

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.