Manchester United (NYSE:MANU) Now Covered by UBS Group

Investment analysts at UBS Group started coverage on shares of Manchester United (NYSE:MANU) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a $23.00 price target on the stock. UBS Group’s target price would suggest a potential upside of 30.09% from the stock’s current price.

Separately, StockNews.com upgraded shares of Manchester United to a “sell” rating in a research report on Wednesday, December 4th.

Manchester United Stock Up 2.0 %

Shares of MANU stock opened at $17.68 on Tuesday. The business’s fifty day moving average is $16.85 and its 200-day moving average is $16.72. Manchester United has a 1 year low of $13.50 and a 1 year high of $22.00. The stock has a market cap of $2.99 billion, a PE ratio of -26.79 and a beta of 0.68. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.35 and a current ratio of 0.36.

Institutional Trading of Manchester United

Several large investors have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its holdings in Manchester United by 24.5% in the third quarter. Janus Henderson Group PLC now owns 614,965 shares of the company’s stock valued at $9,950,000 after buying an additional 121,211 shares during the period. Ariel Investments LLC boosted its position in shares of Manchester United by 50.9% in the 2nd quarter. Ariel Investments LLC now owns 8,007,070 shares of the company’s stock worth $129,234,000 after purchasing an additional 2,700,337 shares during the last quarter. Harvey Partners LLC grew its stake in shares of Manchester United by 156.9% during the third quarter. Harvey Partners LLC now owns 740,000 shares of the company’s stock worth $11,973,000 after purchasing an additional 452,000 shares during the period. Gabelli Funds LLC increased its stake in shares of Manchester United by 10.7% in the 2nd quarter. Gabelli Funds LLC now owns 377,383 shares of the company’s stock valued at $6,091,000 after acquiring an additional 36,507 shares during the last quarter. Finally, Lancaster Investment Management bought a new position in Manchester United during the 3rd quarter worth approximately $9,094,000. Institutional investors own 23.34% of the company’s stock.

Manchester United Company 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.