Fox Run Management L.L.C. Makes New Investment in Manchester United plc (NYSE:MANU)

Fox Run Management L.L.C. acquired a new stake in Manchester United plc (NYSE:MANU) in the fourth quarter, HoldingsChannel reports. The fund acquired 17,425 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in Manchester United in the 3rd quarter valued at about $49,000. Verition Fund Management LLC bought a new position in shares of Manchester United during the 3rd quarter worth approximately $209,000. PDT Partners LLC acquired a new position in shares of Manchester United during the 3rd quarter worth approximately $274,000. Twin Securities Inc. raised its stake in Manchester United by 7.0% in the 3rd quarter. Twin Securities Inc. now owns 36,266 shares of the company’s stock valued at $587,000 after acquiring an additional 2,358 shares during the period. Finally, Harvey Partners LLC lifted its holdings in Manchester United by 156.9% during the 3rd quarter. Harvey Partners LLC now owns 740,000 shares of the company’s stock valued at $11,973,000 after purchasing an additional 452,000 shares during the last quarter. 23.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MANU. 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 on the stock. StockNews.com upgraded shares of Manchester United to a “sell” rating in a research report on Tuesday, January 21st.

Manchester United Stock Performance

Shares of Manchester United stock opened at $13.69 on Friday. The company has a 50 day moving average of $14.94 and a 200-day moving average of $16.10. The company has a market cap of $2.32 billion, a PE ratio of -13.42 and a beta of 0.66. The company has a current ratio of 0.41, a quick ratio of 0.35 and a debt-to-equity ratio of 2.62. Manchester United plc has a 1-year low of $13.20 and a 1-year high of $18.42.

Manchester United (NYSE:MANU) last issued its earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $254.62 million during the quarter, compared to the consensus estimate 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, equities research analysts forecast 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.