PDT Partners LLC Takes $274,000 Position in Manchester United plc (NYSE:MANU)

PDT Partners LLC purchased a new stake in shares of Manchester United plc (NYSE:MANU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,952 shares of the company’s stock, valued at approximately $274,000.

Several other large investors have also made changes to their positions in the company. Ariel Investments LLC lifted its stake in shares of Manchester United by 50.9% during the second quarter. Ariel Investments LLC now owns 8,007,070 shares of the company’s stock valued at $129,234,000 after acquiring an additional 2,700,337 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Manchester United by 15.9% during the second 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. Lancaster Investment Management acquired a new position in shares of Manchester United during the third quarter valued at $9,094,000. Gabelli Funds LLC lifted its stake in shares of Manchester United by 10.7% during the second quarter. Gabelli Funds LLC now owns 377,383 shares of the company’s stock valued at $6,091,000 after acquiring an additional 36,507 shares during the period. Finally, Simplicity Wealth LLC lifted its stake in Manchester United by 1.5% in the second quarter. Simplicity Wealth LLC now owns 232,370 shares of the company’s stock valued at $3,750,000 after buying an additional 3,483 shares during the period. Institutional investors and hedge funds own 23.34% of the company’s stock.

Manchester United Trading Down 2.3 %

NYSE:MANU opened at $16.89 on Wednesday. Manchester United plc has a 1-year low of $13.50 and a 1-year high of $22.00. The business’s 50-day moving average price is $16.66 and its two-hundred day moving average price is $16.69. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.36 and a quick ratio of 0.35.

Manchester United (NYSE:MANU) last released its earnings results 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 return on equity of 37.41% and a negative net margin of 13.36%. The firm had revenue of $179.43 million for the quarter, compared to analyst estimates of $180.82 million. As a group, research analysts expect that Manchester United plc will post -0.54 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.