Alan B Lancz & Associates Inc. Has $349,000 Stock Holdings in Manchester United plc (NYSE:MANU)

Alan B Lancz & Associates Inc. lowered its position in Manchester United plc (NYSE:MANU) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,104 shares of the company’s stock after selling 700 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Manchester United were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Bamco Inc. NY increased its position in Manchester United by 57.3% in the 3rd quarter. Bamco Inc. NY now owns 1,169,398 shares of the company’s stock valued at $23,142,000 after acquiring an additional 426,040 shares during the period. Eminence Capital LP raised its position in shares of Manchester United by 7.1% during the third quarter. Eminence Capital LP now owns 4,243,661 shares of the company’s stock worth $83,982,000 after acquiring an additional 279,487 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in shares of Manchester United by 290.1% in the third quarter. Adage Capital Partners GP L.L.C. now owns 373,964 shares of the company’s stock worth $7,401,000 after acquiring an additional 278,111 shares during the period. CI Investments Inc. boosted its holdings in Manchester United by 37.7% in the third quarter. CI Investments Inc. now owns 666,816 shares of the company’s stock valued at $13,196,000 after acquiring an additional 182,471 shares during the last quarter. Finally, NewEdge Wealth LLC acquired a new stake in Manchester United during the 4th quarter valued at approximately $3,533,000. Institutional investors own 23.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MANU. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Manchester United from $20.30 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, March 14th. StockNews.com raised Manchester United to a “sell” rating in a research report on Wednesday, April 10th.

Manchester United Stock Down 2.0 %

Shares of Manchester United stock traded down $0.32 during trading on Friday, reaching $15.49. 828,409 shares of the company traded hands, compared to its average volume of 528,240. The firm has a market capitalization of $2.55 billion, a PE ratio of -140.82 and a beta of 0.70. Manchester United plc has a 1-year low of $13.50 and a 1-year high of $26.64. The company has a 50 day moving average price of $14.74 and a 200-day moving average price of $17.69. The company has a debt-to-equity ratio of 5.28, a current ratio of 0.37 and a quick ratio of 0.36.

Manchester United (NYSE:MANU) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.32. The firm had revenue of $280.37 million for the quarter, compared to analyst estimates of $245.09 million. Manchester United had a negative net margin of 1.98% and a negative return on equity of 12.29%. As a group, equities research analysts expect that Manchester United plc will post -0.37 earnings per share for the current fiscal 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.