Do You Think Manchester United plc (MANU) Has an Attractive Near and Long-Term Outlook?

Ariel Investments, an investment management company, released its “Ariel Small-Cap Value Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the Ariel Small Cap Value Tax-Exempt Composite gained 13.37% gross of fees compared to an 8.42% return for the Russell 2000 Value Index and a 6.23% gain for the Russell 2000 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Ariel Small-Cap Value Strategy highlighted stocks like Manchester United plc (NYSE:MANU) in its Q4 2022 investor letter. Headquartered in Manchester, the United Kingdom, Manchester United plc (NYSE:MANU) is a professional sports team operator. On March 14, 2023, Manchester United plc (NYSE:MANU) stock closed at $20.58 per share. One-month return of Manchester United plc (NYSE:MANU) was -15.86%, and its shares gained 63.46% of their value over the last 52 weeks. Manchester United plc (NYSE:MANU) has a market capitalization of $3.356 billion.

Ariel Small-Cap Value Strategy made the following comment about Manchester United plc (NYSE:MANU) in its Q4 2022 investor letter:

“Several stocks in the portfolio had strong returns in the quarter. Professional football (soccer) club operator Manchester United plc (NYSE:MANU) traded higher on an announcement the Glazer Family is open to exploring strategic alternatives, including a full or partial sale of their stake. This iconic football club sports a global following north of 1 billion fans and plays in the English Premier League (EPL), the most watched professional sports league in the world. We expect MANU to continue to leverage its global brand to drive a larger revenue base enabling the acquisition of top talent to field competitive teams. We also believe MANU’s commercial opportunity for global partnerships, sponsorships and media rights remains robust. We view the near and long-term outlook for MANU to be attractive.”

Photo by Alex Motoc on Unsplash

Manchester United plc (NYSE:MANU) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held Manchester United plc (NYSE:MANU) at the end of the fourth quarter which was 14 in the previous quarter.

We discussed Manchester United plc (NYSE:MANU) in another article and shared East 72’s views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

Disclosure: None. This article is originally published at Insider Monkey.