R Squared Ltd Invests $130,000 in Manchester United plc (NYSE:MANU)

R Squared Ltd acquired a new stake in shares of Manchester United plc (NYSE:MANU) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 7,490 shares of the company’s stock, valued at approximately $130,000.

A number of other institutional investors have also added to or reduced their stakes in MANU. Harvey Partners LLC increased its position in shares of Manchester United by 156.9% during the third quarter. Harvey Partners LLC now owns 740,000 shares of the company’s stock valued at $11,973,000 after buying an additional 452,000 shares during the period. Janus Henderson Group PLC increased its holdings in Manchester United by 24.5% during the 3rd quarter. Janus Henderson Group PLC now owns 614,965 shares of the company’s stock worth $9,950,000 after acquiring an additional 121,211 shares during the period. Lancaster Investment Management purchased a new stake in Manchester United in the 3rd quarter worth approximately $9,094,000. JPMorgan Chase & Co. boosted its holdings in Manchester United by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,335 shares of the company’s stock valued at $960,000 after purchasing an additional 16,991 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Manchester United during the 2nd quarter valued at $686,000. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Manchester United Stock Performance

Manchester United stock opened at $15.89 on Thursday. Manchester United plc has a fifty-two week low of $13.50 and a fifty-two week high of $22.00. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.35 and a current ratio of 0.36. The stock has a market cap of $2.69 billion, a P/E ratio of -24.08 and a beta of 0.66. The firm’s fifty day moving average price is $16.87 and its 200-day moving average price is $16.78.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MANU shares. StockNews.com upgraded Manchester United to a “sell” rating in a research report on Tuesday, January 21st. UBS Group started coverage on Manchester United in a research report on Tuesday, December 17th. They set a “buy” rating and a $23.00 price target for the company.

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.