Lindsell Train Ltd. has recently announced that it has increased stake in Manchester United plc (NYSE:MANU) by 0.86%. After grabbing 11.02 million shares, the institutional investor is now in possession of 93500.0 shares of the Communication Services Company. The new investment brought the stake of investor firm to 20.85% having worth around $228.64 million. Moreover, Marathon Asset Management Ltd. increased its share by 0.18 million to have a control over 2.36 million shares. And Millennium Management LLC raised its holdings to 1.39 million shares by acquiring 1.51 million shares or 2.85% of the stake.
Manchester United plc (MANU) concluded trading on 03/16/23 at a closing price of $21.73, with 1.47 million shares of worth about $31.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.02% during that period and on Thursday the price saw a gain of about 3.03%. Currently the company’s common shares owned by public are about 163.06M shares, out of which, 53.36M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the MANU stock and their offered price forecasts bring an average price target of $22.79. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $30.49 and could fall to a lowest price of $19.99. The stock’s current price level is 21.69% above of average price target set by the analysts, while a rise to estimated low would result in loss of -8.7% for the stock. However, touching the estimated high of $30.49 would mean a gain of 28.73% for the stock.
LF Lindsell Train UK Equity Fund, Ariel Fund, and Finsbury Growth & Income Trust Pl are the top 3 mutual funds which are holding stakes in Manchester United plc LF Lindsell Train UK Equity Fund is currently holding 6.92 million shares of worth totaling $143.59 million. The company recently came buying 25000.0 shares which brought its stake up to 13.09% of the company’s outstanding shares. Ariel Fund sold -0.42 million shares, after which its hold over company’s outstanding shares shrunk to 8.86%, leaving 4.68 million shares with the mutual fund that have a worth of about $97.12 million. Finsbury Growth & Income Trust Pl, after buying 2.29 million shares, have now control over 4.34% of the stake in the company. It holds 18401.0 shares of worth $47.55 million.
Manchester United plc (NYSE: MANU) started trading at $20.95, below -$0.14 from concluding price of the previous day. However, the stock later moved at a day high price of 22.48, or with a gain of 3.03%. Stock saw a price change of 4.02% in past 5 days and over the past one month there was a price change of -8.93%. Year-to-date (YTD), MANU shares are showing a performance of -6.86% which increased to 73.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.41 but also hit the highest price of $27.34 during that period. The average intraday trading volume for Manchester United plc shares is 1.54 million. The stock is currently trading -1.61% below its 20-day simple moving average (SMA20), while that difference is down -3.78% for SMA50 and it goes to 33.55% higher than SMA200.
Lindsell Train Ltd. acquired 11.02 million shares of Manchester United plc having value of about $228.64 million. Data submitted at the U.S SEC by Lindsell Train Ltd. revealed that the firm now holds 93500.0 shares in the company valued at close to $2031755.0, or have control over 0.86% stake in the company. Manchester United plc (NYSE: MANU) currently have 163.06M outstanding shares and institutions hold larger chunk of about 82.80% of that. Holding of mutual funds in the company is about 36.23% while other institutional holders and individual stake holders have control over 45.13% and — of the stake respectively.
The stock has a current market capitalization of $3.72B and its 3Y-monthly beta is at 0.68. It has posted earnings per share of -$0.94 in the same period. It has Quick Ratio of 0.30 while making debt-to-equity ratio of 6.76. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MANU, volatility over the week remained 6.37% while standing at 5.89% over the month.
Analysts are in expectations that Manchester United plc (MANU) stock would likely to be making an EPS of -$0.01 in the current quarter, while forecast for next quarter EPS is -$0.12 and it is -$0.22 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -700.10% while it is estimated to increase by 48.80% in next year. EPS is likely to grow at an annualized rate of -0.05% for next 5-years, compared to annual growth of -37.80% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the Manchester United plc (MANU)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 4 Wall Street analysts, 2 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Coverage by Deutsche Bank stated Manchester United plc (MANU) stock as a Buy in their note to investors on March 21, 2022, suggesting a price target of $18 for the stock. Stock get a Buy rating from Gabelli & Co on October 17, 2016.
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