Manchester United plc (NYSE:MANU) founded in 1878, an Old Trafford, Stretford-based sports teams and clubs company worth $2.0 billion market capitalization.
The company spearheaded by CEO David Gill makes for an excellent investment.
Furthermore, since the beginning of 2022, Manchester United plc (NYSE:MANU) delivered -12.15% in return and the 12-month return dipped by -33.74%.
However, on March 15, 2022, the Manchester United stock closed at $12.54 per share.
The Q4 2021 Baron Partner Fund investor letter included Manchester United plc (NYSE:MANU) while discussing its stance on the firm.
The Baron Partners Fund Investor letter
Baron Partner Fund investor letter said, “Manchester United plc is the best-known team in the English Premier League and generates revenues from broadcasting, sponsorship, and licensing.”
“Shares declined following lackluster match performance, even with Cristiano Ronaldo’s return to the team.”
“Management announced plans to change the coaching structure to better develop the team.”
“With the stadium at full capacity and Cristiano on the roster, we view Manchester United as a unique media company with over 1.1 billion fans globally and broad appeal that should compound value.”
Lastly,
As per calculations, Manchester United plc (NYSE:MANU) failed to secure a spot on the 30 Most Popular Stocks Among Hedge Funds.
By the end of the fourth quarter of 2021, the company appeared in 12 hedge fund portfolios compared to 6 funds in the previous quarter.
Furthermore, the company delivered -12.09% in returns in the past three months.
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