Alan B Lancz & Associates Inc. Sells 700 Shares of Manchester United plc (NYSE:MANU)

Alan B Lancz & Associates Inc. decreased its holdings in Manchester United plc (NYSE:MANU) by 3.9% in the fourth quarter, Holdings Channel reports. The firm owned 17,104 shares of the company’s stock after selling 700 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Manchester United were worth $349,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Byrne Asset Management LLC lifted its position in Manchester United by 40.1% during the fourth quarter. Byrne Asset Management LLC now owns 2,830 shares of the company’s stock valued at $58,000 after purchasing an additional 810 shares during the period. Quantbot Technologies LP bought a new position in shares of Manchester United during the 3rd quarter valued at $59,000. Handelsbanken Fonder AB purchased a new position in shares of Manchester United in the 3rd quarter worth $297,000. Fox Run Management L.L.C. bought a new stake in shares of Manchester United in the third quarter worth $309,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Manchester United by 7.4% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 51,400 shares of the company’s stock valued at $1,017,000 after acquiring an additional 3,550 shares during the last quarter. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on MANU shares. Deutsche Bank Aktiengesellschaft dropped their target price on Manchester United from $20.30 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, March 14th. StockNews.com raised shares of Manchester United to a “sell” rating in a report on Wednesday, April 10th.

Manchester United Stock Performance

Manchester United stock traded down $0.32 during trading on Friday, reaching $15.49. The company had a trading volume of 828,409 shares, compared to its average volume of 528,240. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -140.82 and a beta of 0.70. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 5.28. The firm’s 50-day simple moving average is $14.74 and its 200 day simple moving average is $17.69. Manchester United plc has a 52 week low of $13.50 and a 52 week high of $26.64.

Manchester United (NYSE:MANU) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.32. The firm had revenue of $280.37 million for the quarter, compared to the consensus estimate of $245.09 million. Manchester United had a negative return on equity of 12.29% and a negative net margin of 1.98%. Sell-side analysts forecast 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.