Gamco Investors INC. ET AL Purchases 59,000 Shares of Manchester United plc (NYSE:MANU)

Gamco Investors INC. ET AL lifted its position in Manchester United plc (NYSE:MANU) by 35.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 223,400 shares of the company’s stock after acquiring an additional 59,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Manchester United were worth $3,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Manchester United by 129.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock worth $37,000 after purchasing an additional 1,188 shares during the period. Blue Trust Inc. grew its stake in shares of Manchester United by 127.7% in the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after buying an additional 1,883 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Manchester United in the 4th quarter worth approximately $130,000. Quantbot Technologies LP bought a new position in Manchester United during the 4th quarter valued at approximately $156,000. Finally, National Bank of Canada FI raised its stake in Manchester United by 213.1% during the fourth quarter. National Bank of Canada FI now owns 9,686 shares of the company’s stock valued at $168,000 after buying an additional 6,592 shares during the last quarter. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Manchester United to a “sell” rating in a research note on Tuesday, January 21st.

Manchester United Stock Up 0.6 %

Shares of Manchester United stock opened at $13.89 on Friday. The company has a 50-day simple moving average of $13.98 and a two-hundred day simple moving average of $15.76. The stock has a market capitalization of $2.35 billion, a PE ratio of -13.62 and a beta of 0.64. Manchester United plc has a 52-week low of $12.05 and a 52-week high of $18.42. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.35 and a current ratio of 0.41.

Manchester United (NYSE:MANU) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. The company had revenue of $254.62 million during the quarter, compared to analyst estimates of $248.15 million. On average, analysts anticipate that Manchester United plc will post -0.74 EPS 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.