Manchester United (NYSE:MANU) Raised to “Sell” at StockNews.com

Manchester United (NYSE:MANU) was upgraded by StockNews.com to a “sell” rating in a research note issued on Tuesday.

Separately, UBS Group assumed coverage on Manchester United in a research note on Tuesday, December 17th. They set a “buy” rating and a $23.00 price target for the company.

Manchester United Stock Performance

NYSE MANU opened at $16.06 on Tuesday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.35 and a current ratio of 0.36. Manchester United has a fifty-two week low of $13.50 and a fifty-two week high of $22.00. The company has a market cap of $2.72 billion, a P/E ratio of -24.33 and a beta of 0.66. The business’s 50 day moving average price is $16.97 and its 200-day moving average price is $16.79.

Institutional Investors Weigh In On Manchester United

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Manchester United by 186.9% in the fourth quarter. Blue Trust Inc. now owns 4,232 shares of the company’s stock valued at $68,000 after acquiring an additional 2,757 shares in the last quarter. Krilogy Financial LLC acquired a new stake in shares of Manchester United in the fourth quarter worth $208,000. Miracle Mile Advisors LLC raised its position in Manchester United by 15.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 16,900 shares of the company’s stock valued at $293,000 after acquiring an additional 2,300 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Manchester United by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 59,335 shares of the company’s stock valued at $960,000 after buying an additional 16,991 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Manchester United by 24.5% during the 3rd quarter. Janus Henderson Group PLC now owns 614,965 shares of the company’s stock worth $9,950,000 after buying an additional 121,211 shares during the period. Hedge funds and other 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.