Fox Run Management L.L.C. Takes Position in Manchester United plc (NYSE:MANU)

Fox Run Management L.L.C. acquired a new position in shares of Manchester United plc (NYSE:MANU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,425 shares of the company’s stock, valued at approximately $302,000.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Manchester United by 129.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock worth $37,000 after buying an additional 1,188 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Manchester United during the third quarter valued at approximately $49,000. Blue Trust Inc. increased its stake in Manchester United by 127.7% in the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock valued at $58,000 after purchasing an additional 1,883 shares in the last quarter. R Squared Ltd acquired a new stake in Manchester United in the fourth quarter worth $130,000. Finally, Quantbot Technologies LP acquired a new stake in Manchester United in the fourth quarter worth $156,000. 23.34% of the stock is owned by institutional investors and hedge funds.

Manchester United Trading Up 0.9 %

Shares of NYSE:MANU opened at $13.69 on Friday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -13.42 and a beta of 0.66. Manchester United plc has a 12 month low of $13.20 and a 12 month high of $18.42. The company’s fifty day simple moving average is $14.94 and its 200 day simple moving average is $16.10. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62.

Manchester United (NYSE:MANU) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $254.62 million for the quarter, compared to analyst estimates of $248.15 million. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. As a group, research analysts forecast that Manchester United plc will post -0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on MANU shares. UBS Group started coverage on shares of Manchester United in a research report on Tuesday, December 17th. They issued a “buy” rating and a $23.00 price objective for the company. StockNews.com upgraded Manchester United to a “sell” rating in a report on Tuesday, January 21st.

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.