Manchester United PLC (MANU) Coverage Initiated by Analysts at Gabelli
Gabelli started coverage on shares of Manchester United PLC (NYSE:MANU) in a research report report published on Monday morning. The brokerage issued a buy rating and a $23.40 target price on the stock.
Several other equities analysts also recently issued reports on the stock. Jefferies Group reaffirmed a buy rating on shares of Manchester United PLC in a research note on Monday, August 29th. Zacks Investment Research downgraded shares of Manchester United PLC from a hold rating to a strong sell rating in a research note on Thursday, August 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $20.92.
Manchester United PLC (NYSE:MANU) traded up 0.0530% during mid-day trading on Monday, reaching $15.8584. 2,307 shares of the company’s stock were exchanged. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 56.4356 and a beta of 0.43. Manchester United PLC has a 12 month low of $13.30 and a 12 month high of $19.74. The stock has a 50-day moving average of $16.84 and a 200-day moving average of $16.32.
Manchester United PLC (NYSE:MANU) last issued its quarterly earnings results on Monday, September 12th. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.50 by $6.43. Manchester United PLC had a return on equity of 8.39% and a net margin of 7.23%. The firm had revenue of $134.50 million for the quarter. During the same period in the previous year, the business posted $0.01 earnings per share. The company’s revenue for the quarter was up 27.1% compared to the same quarter last year. Analysts anticipate that Manchester United PLC will post $5.40 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the company. Lomas Capital Management LLC boosted its stake in Manchester United PLC by 7.5% in the second quarter. Lomas Capital Management LLC now owns 812,764 shares of the company’s stock worth $12,948,000 after buying an additional 56,357 shares during the last quarter. Citadel Advisors LLC bought a new stake in Manchester United PLC during the second quarter worth approximately $243,000. Janus Capital Management LLC boosted its stake in Manchester United PLC by 1.2% in the second quarter. Janus Capital Management LLC now owns 1,195,628 shares of the company’s stock worth $19,046,000 after buying an additional 14,632 shares during the last quarter. Roundview Capital LLC boosted its stake in Manchester United PLC by 2.2% in the second quarter. Roundview Capital LLC now owns 18,525 shares of the company’s stock worth $295,000 after buying an additional 400 shares during the last quarter. Finally, Chesapeake Asset Management LLC bought a new stake in Manchester United PLC during the second quarter worth approximately $452,000. Institutional investors and hedge funds own 72.10% of the company’s stock.
Manchester United PLC Company Profile
Manchester United plc, formerly Manchester United Ltd. operates a professional sports team. The Company plays spectator sports. It offers its services in commercial, broadcasting and matchday sectors. Within the commercial sector, it is engaged in sponsorship; retail, merchandising, apparel and product licensing, and mobile and content.
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