Manchester United Ltd. (MANU) Lowered to Hold at BidaskClub
Manchester United Ltd. (NYSE:MANU) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, July 31st.
A number of other brokerages have also recently weighed in on MANU. Zacks Investment Research cut shares of Manchester United from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and set a $19.00 price target on shares of Manchester United in a research report on Monday, April 3rd. Finally, Deutsche Bank AG reissued a “buy” rating and set a $19.00 price target (up from $18.00) on shares of Manchester United in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Manchester United currently has an average rating of “Hold” and an average target price of $19.85.
Manchester United (NYSE MANU) traded down 2.90% during midday trading on Monday, hitting $16.75. The company had a trading volume of 32,130 shares. Manchester United has a 52-week low of $14.10 and a 52-week high of $18.30. The stock has a 50 day moving average of $16.74 and a 200 day moving average of $16.52. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 149.55 and a beta of 0.53.
Manchester United (NYSE:MANU) last announced its quarterly earnings results on Tuesday, May 16th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $119.67 million. Manchester United had a net margin of 2.51% and a return on equity of 4.36%. The business’s quarterly revenue was up 931.8% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. On average, analysts anticipate that Manchester United will post $16.02 EPS for the current year.
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Large investors have recently modified their holdings of the company. Oxford Asset Management raised its stake in shares of Manchester United by 21.0% in the first quarter. Oxford Asset Management now owns 20,558 shares of the company’s stock worth $347,000 after buying an additional 3,570 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Manchester United by 19.6% in the first quarter. Bank of America Corp DE now owns 26,160 shares of the company’s stock worth $442,000 after buying an additional 4,290 shares during the last quarter. OxFORD Asset Management LLP raised its stake in shares of Manchester United by 34.5% in the second quarter. OxFORD Asset Management LLP now owns 27,647 shares of the company’s stock valued at $449,000 after buying an additional 7,089 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Manchester United by 6.9% in the first quarter. Gabelli Funds LLC now owns 31,000 shares of the company’s stock valued at $524,000 after buying an additional 2,000 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Manchester United during the first quarter valued at about $717,000. Institutional investors and hedge funds own 73.17% of the company’s stock.
Manchester United Company Profile
Manchester United plc is engaged in the operation of a professional football club together with related and ancillary activities. Its football operations primarily comprise various activities, such as its first team, reserve team, youth academy, global scouting networks and other operations, such as its sport science, medical and fitness operations at the Aon Training Complex.
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