Manchester United plc (NYSE:MANU) Shares Sold by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. lessened its holdings in shares of Manchester United plc (NYSE:MANU) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,005 shares of the company’s stock after selling 1,599 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Manchester United were worth $291,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in shares of Manchester United by 912.0% in the first quarter. BNP Paribas Financial Markets now owns 2,277 shares of the company’s stock valued at $32,000 after purchasing an additional 2,052 shares during the last quarter. Emfo LLC acquired a new stake in shares of Manchester United in the 2nd quarter worth $50,000. Dnca Finance purchased a new position in shares of Manchester United during the 2nd quarter worth $53,000. Nkcfo LLC purchased a new position in shares of Manchester United during the 2nd quarter worth $113,000. Finally, Garner Asset Management Corp purchased a new position in shares of Manchester United during the 1st quarter worth $153,000. 23.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Manchester United from $16.00 to $18.50 and gave the stock a “hold” rating in a research note on Wednesday, July 24th.

Manchester United Trading Down 0.2 %

MANU opened at $17.90 on Friday. The stock has a market capitalization of $3.03 billion, a PE ratio of -20.57 and a beta of 0.69. Manchester United plc has a one year low of $13.50 and a one year high of $22.00. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.35 and a current ratio of 0.36. The business’s 50 day moving average price is $16.39 and its 200 day moving average price is $16.54.

Manchester United (NYSE:MANU) last issued its quarterly earnings data on Wednesday, September 11th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. Manchester United had a negative net margin of 17.28% and a negative return on equity of 55.05%. The firm had revenue of $179.43 million for the quarter, compared to analyst estimates of $180.82 million. As a group, equities research analysts expect that Manchester United plc will post -0.74 EPS for the current year.

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.