Manchester United PLC (NYSE:MANU) released its earnings results on Thursday. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.08. The business earned $120.20 million during the quarter, compared to analysts’ expectations of $114.69 million. Manchester United PLC had a net margin of 7.23% and a return on equity of 8.39%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share.

Shares of Manchester United PLC (NYSE:MANU) opened at 15.00 on Friday. Manchester United PLC has a 1-year low of $13.30 and a 1-year high of $18.99. The stock has a market cap of $2.46 billion, a PE ratio of 54.74 and a beta of 0.49. The stock has a 50 day moving average of $15.72 and a 200 day moving average of $16.36.

Earnings History for Manchester United PLC (NYSE:MANU)

Several hedge funds have recently modified their holdings of MANU. united american securities inc. d b a uas asset management increased its stake in shares of Manchester United PLC by 75.3% in the third quarter. united american securities inc. d b a uas asset management now owns 50,564 shares of the company’s stock valued at $854,000 after buying an additional 21,714 shares during the last quarter. UBS Group AG boosted its stake in shares of Manchester United PLC by 0.3% in the third quarter. UBS Group AG now owns 287,236 shares of the company’s stock valued at $4,848,000 after buying an additional 955 shares during the period. Lomas Capital Management LLC boosted its stake in shares of Manchester United PLC by 1.8% in the third quarter. Lomas Capital Management LLC now owns 827,636 shares of the company’s stock valued at $13,971,000 after buying an additional 14,872 shares during the period. Morgan Stanley boosted its stake in shares of Manchester United PLC by 49.7% in the third quarter. Morgan Stanley now owns 124,775 shares of the company’s stock valued at $2,107,000 after buying an additional 41,422 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Manchester United PLC by 82.4% in the third quarter. JPMorgan Chase & Co. now owns 18,056 shares of the company’s stock valued at $305,000 after buying an additional 8,155 shares during the period. 72.13% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on the stock. Jefferies Group cut their target price on shares of Manchester United PLC from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, August 16th. Gabelli began coverage on shares of Manchester United PLC in a research note on Monday, October 17th. They set a “buy” rating and a $23.40 price objective for the company. Finally, Zacks Investment Research cut shares of Manchester United PLC from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $20.92.

About Manchester United PLC

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.

5 Day Chart for NYSE:MANU

Receive News & Stock Ratings for Manchester United PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manchester United PLC and related stocks with our FREE daily email newsletter.