Segantii Capital Management Ltd Purchases Shares of 860,000 Manchester United plc (NYSE:MANU)

Segantii Capital Management Ltd acquired a new stake in Manchester United plc (NYSE:MANU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 860,000 shares of the company’s stock, valued at approximately $17,527,000. Manchester United makes up approximately 0.9% of Segantii Capital Management Ltd’s holdings, making the stock its 27th largest position. Segantii Capital Management Ltd owned about 0.52% of Manchester United at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MANU. Eminence Capital LP lifted its stake in shares of Manchester United by 7.1% in the 3rd quarter. Eminence Capital LP now owns 4,243,661 shares of the company’s stock worth $83,982,000 after acquiring an additional 279,487 shares during the period. Bamco Inc. NY lifted its position in Manchester United by 57.3% during the 3rd quarter. Bamco Inc. NY now owns 1,169,398 shares of the company’s stock worth $23,142,000 after acquiring an additional 426,040 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Manchester United by 15.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 963,561 shares of the company’s stock valued at $19,637,000 after purchasing an additional 130,446 shares in the last quarter. CI Investments Inc. increased its holdings in shares of Manchester United by 37.7% in the 3rd quarter. CI Investments Inc. now owns 666,816 shares of the company’s stock valued at $13,196,000 after acquiring an additional 182,471 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in shares of Manchester United by 290.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 373,964 shares of the company’s stock worth $7,401,000 after purchasing an additional 278,111 shares during the last quarter. 23.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MANU. Deutsche Bank Aktiengesellschaft reduced their price target on Manchester United from $20.30 to $16.00 and set a “hold” rating for the company in a research report on Thursday, March 14th. StockNews.com raised Manchester United to a “sell” rating in a research report on Monday.

Manchester United Stock Up 1.7 %

Shares of NYSE:MANU traded up $0.27 during trading on Thursday, reaching $15.75. 240,876 shares of the stock traded hands, compared to its average volume of 1,349,376. The stock has a market cap of $2.59 billion, a P/E ratio of -141.18 and a beta of 0.70. The stock has a 50-day moving average of $14.76 and a two-hundred day moving average of $17.65. Manchester United plc has a 52-week low of $13.50 and a 52-week high of $26.64. The company has a debt-to-equity ratio of 5.28, a quick ratio of 0.36 and a current ratio of 0.37.

Manchester United (NYSE:MANU) last posted its earnings results on Tuesday, March 12th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.32. The company had revenue of $280.37 million during the quarter, compared to analysts’ expectations of $245.09 million. Manchester United had a negative net margin of 1.98% and a negative return on equity of 12.29%. As a group, sell-side analysts expect that Manchester United plc will post -0.37 earnings per share for the current fiscal 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.