Bleakley Financial Group LLC Raises Stake in Manchester United plc (NYSE:MANU)

Bleakley Financial Group LLC increased its stake in shares of Manchester United plc (NYSE:MANU) by 23.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,992 shares of the company’s stock after purchasing an additional 4,606 shares during the period. Bleakley Financial Group LLC’s holdings in Manchester United were worth $416,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Manchester United in the 3rd quarter valued at about $49,000. Blue Trust Inc. raised its holdings in shares of Manchester United by 186.9% in the 4th quarter. Blue Trust Inc. now owns 4,232 shares of the company’s stock valued at $68,000 after acquiring an additional 2,757 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Manchester United in the 4th quarter valued at about $130,000. Krilogy Financial LLC purchased a new stake in shares of Manchester United in the 4th quarter valued at about $208,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Manchester United in the 3rd quarter valued at about $209,000. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Manchester United Price Performance

Shares of Manchester United stock opened at $16.34 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 3.25. The firm has a market capitalization of $2.77 billion, a PE ratio of -24.76 and a beta of 0.65. The business’s 50-day moving average price is $16.69 and its 200-day moving average price is $16.73. Manchester United plc has a 12 month low of $13.50 and a 12 month high of $21.92.

Analysts Set New Price Targets

Several research firms have weighed in on MANU. StockNews.com raised Manchester United to a “sell” rating in a report on Tuesday, January 21st. UBS Group began coverage on Manchester United in a report on Tuesday, December 17th. They issued a “buy” rating and a $23.00 price target on the stock.

About Manchester United

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.