Lindsell Train Ltd Decreases Position in Manchester United plc (NYSE:MANU)

Lindsell Train Ltd trimmed its holdings in Manchester United plc (NYSE:MANU) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,776,015 shares of the company’s stock after selling 594,985 shares during the quarter. Manchester United comprises approximately 2.5% of Lindsell Train Ltd’s portfolio, making the stock its 11th biggest position. Lindsell Train Ltd owned approximately 3.41% of Manchester United worth $100,214,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its holdings in shares of Manchester United by 24.5% in the 3rd quarter. Janus Henderson Group PLC now owns 614,965 shares of the company’s stock valued at $9,950,000 after purchasing an additional 121,211 shares during the last quarter. Ariel Investments LLC lifted its stake in Manchester United by 50.9% in the second quarter. Ariel Investments LLC now owns 8,007,070 shares of the company’s stock valued at $129,234,000 after buying an additional 2,700,337 shares during the last quarter. Harvey Partners LLC boosted its holdings in shares of Manchester United by 156.9% in the third quarter. Harvey Partners LLC now owns 740,000 shares of the company’s stock valued at $11,973,000 after acquiring an additional 452,000 shares during the period. Lancaster Investment Management purchased a new position in shares of Manchester United during the third quarter worth approximately $9,094,000. Finally, Verition Fund Management LLC purchased a new position in shares of Manchester United during the third quarter worth approximately $209,000. 23.34% of the stock is currently owned by hedge funds and other institutional investors.

Manchester United Stock Up 1.1 %

Shares of MANU stock opened at $16.22 on Friday. 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 business’s 50 day moving average is $16.95 and its two-hundred day moving average is $16.79. Manchester United plc has a twelve month low of $13.50 and a twelve month high of $22.00.

Analyst Ratings Changes

Several analysts recently commented on MANU shares. StockNews.com upgraded shares of Manchester United to a “sell” rating in a research report on Tuesday. UBS Group assumed coverage on shares of Manchester United in a report on Tuesday, December 17th. They issued a “buy” rating and a $23.00 target price for the company.

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.