Lindsell Train Ltd. recently announced the acquisition of new stake in Manchester United plc (NYSE:MANU). The institutional investor has increased its shareholding in the Communication Services company by 0.42% to 11.07 million shares with purchase of 46500.0 shares. This fresh investment now brings its stake to 20.29% valued currently at $221.86 million. In addition, Millennium Management LLC raised its holdings by 1.39 million to 1.51 million shares. And Harvey Partners LLC has lifted its position by 0.21% or 2930.0 shares – to 1.41 million shares.
With over 1.59 million Manchester United plc (MANU) shares trading Friday and a closing price of $18.72 on the day, the dollar volume was approximately $29.67 million. The shares have shown a positive half year performance of 46.25% and its price on 05/19/23 lost nearly -0.64%. Currently, there are 163.06M common shares owned by the public and among those 51.62M shares have been available to trade.
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The top 3 mutual fund holders in Manchester United plc are LF Lindsell Train UK Equity Fund, Ariel Fund, and Finsbury Growth & Income Trust Pl. LF Lindsell Train UK Equity Fund owns 6.92 million shares of the company’s stock, all valued at over $138.75 million. The company bought an additional 25000.0 shares recently to bring their total holdings to about 12.69% of the shares outstanding. Ariel Fund sold -0.42 million shares to see its total holdings shrink to 4.68 million shares valued at over $93.84 million and representing 8.58% of the shares outstanding. Finsbury Growth & Income Trust Pl bought 18401.0 shares to bring its total holdings to over 2.29 million shares at a value of $45.95 million. Finsbury Growth & Income Trust Pl now owns shares totaling to 4.20% of the shares outstanding.
Shares of Manchester United plc (NYSE: MANU) opened at $18.80, down -$0.04 from a prior closing price of $18.84. However, the script later moved the day high at 19.48, down -0.64%. The company’s stock has a 5-day price change of 3.25% and -28.90% over the past three months. MANU shares are trading -19.76% year to date (YTD), with the 12-month market performance up to 44.00% higher. It has a 12-month low price of $10.41 and touched a high of $27.34 over the same period. MANU has an average intraday trading volume of 1.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.74%, -11.16%, and 1.39% respectively.
Institutional ownership of Manchester United plc (NYSE: MANU) shares accounts for 82.80% of the company’s 163.06M shares outstanding. Mutual fund holders own 26.06%, while other institutional holders and individual stakeholders account for 43.43% and — respectively.
It has a market capitalization of $3.07B and a beta (3y monthly) value of 0.68. The earnings-per-share (ttm) stands at -$0.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.37% over the week and 5.27% over the month.
Analysts forecast that Manchester United plc (MANU) will achieve an EPS of -$0.05 for the current quarter, -$0.09 for the next quarter and -$0.12 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of -$0.05. Comparatively, EPS for the current quarter was -$0.16 a year ago. Earnings per share for the fiscal year are expected to decrease by -700.10%, and 63.60% over the next financial year. EPS should grow at an annualized rate of -0.05% over the next five years, compared to -37.80% over the past 5-year period.
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