united american securities inc. d b a uas asset management raised its stake in Manchester United PLC (NYSE:MANU) by 75.3% during the third quarter, Holdings Channel reports. The fund owned 50,564 shares of the company’s stock after buying an additional 21,714 shares during the period. Manchester United PLC accounts for approximately 0.6% of united american securities inc. d b a uas asset management’s holdings, making the stock its 18th largest position. united american securities inc. d b a uas asset management’s holdings in Manchester United PLC were worth $854,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Lomas Capital Management LLC raised its stake in Manchester United PLC by 7.5% in the second quarter. Lomas Capital Management LLC now owns 812,764 shares of the company’s stock worth $12,948,000 after buying an additional 56,357 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Manchester United PLC during the second quarter worth $380,000. K.J. Harrison & Partners Inc raised its stake in Manchester United PLC by 100.0% in the third quarter. K.J. Harrison & Partners Inc now owns 20,000 shares of the company’s stock worth $338,000 after buying an additional 10,000 shares during the last quarter. Finally, UBS Group AG raised its stake in Manchester United PLC by 0.3% in the third quarter. UBS Group AG now owns 287,236 shares of the company’s stock worth $4,848,000 after buying an additional 955 shares during the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.
Manchester United PLC (NYSE:MANU) opened at 15.25 on Friday. The firm’s 50-day moving average is $15.39 and its 200-day moving average is $15.79. Manchester United PLC has a 1-year low of $13.30 and a 1-year high of $17.83. The company has a market capitalization of $2.50 billion, a P/E ratio of 61.74 and a beta of 0.47.
Manchester United PLC (NYSE:MANU) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.31 by $6.18. Manchester United PLC had a return on equity of 7.80% and a net margin of 5.87%. The company had revenue of $157.90 million for the quarter, compared to the consensus estimate of $145.40 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was up 18.0% compared to the same quarter last year. Equities research analysts predict that Manchester United PLC will post $6.57 EPS for the current year.
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MANU has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Manchester United PLC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Gabelli initiated coverage on shares of Manchester United PLC in a research note on Monday, October 17th. They set a “buy” rating and a $23.40 price objective on the stock. Finally, Deutsche Bank AG initiated coverage on shares of Manchester United PLC in a research note on Thursday, December 22nd. They set a “buy” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $19.82.
About Manchester United PLC
Manchester United plc is engaged in the operation of a professional football club together with related and ancillary activities. Its football operations primarily comprise various activities, such as its first team, reserve team, youth academy, global scouting networks and other operations, such as its sport science, medical and fitness operations at the Aon Training Complex.
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