Zacks Investment Research Upgrades Manchester United Ltd. (MANU) to “Hold”
Manchester United Ltd. (NYSE:MANU) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Manchester United PLC operates a professional sports team. The Company manages the soccer team and all affiliated club activities of the Manchester United Football Club that includes the media network, foundation, fan zone, news and sports features, and team merchandise. Manchester United PLC is based in Manchester, United Kingdom. “
Several other equities analysts also recently commented on MANU. Jefferies Group LLC reissued a “buy” rating and issued a $19.00 price objective on shares of Manchester United in a research note on Wednesday, August 16th. BidaskClub downgraded shares of Manchester United from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Manchester United in a research note on Friday, May 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Manchester United currently has an average rating of “Buy” and a consensus price target of $19.85.
Shares of Manchester United (NYSE:MANU) opened at 16.50 on Wednesday. Manchester United has a one year low of $14.10 and a one year high of $18.30. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 151.38 and a beta of 0.53. The company has a 50 day moving average of $16.86 and a 200-day moving average of $16.64.
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A number of institutional investors have recently modified their holdings of MANU. Oxford Asset Management increased its position 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 valued at $347,000 after buying an additional 3,570 shares during the last quarter. Bank of America Corp DE increased its position 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 valued at $442,000 after buying an additional 4,290 shares during the last quarter. OxFORD Asset Management LLP increased its position 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 increased its position 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 bought a new position in shares of Manchester United during the first quarter valued at approximately $717,000. 72.26% of the stock is owned by institutional investors and hedge funds.
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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