Zacks Investment Research upgraded shares of Manchester United (NYSE:MANU) from a sell rating to a hold rating in a research report released on Saturday morning.

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. “

Shares of Manchester United (NYSE:MANU) opened at $19.65 on Friday. The firm has a market cap of $765.71, a PE ratio of -1,978.02, a price-to-earnings-growth ratio of 7.61 and a beta of 0.48. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. Manchester United has a fifty-two week low of $15.50 and a fifty-two week high of $22.15.

Manchester United (NYSE:MANU) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. The business had revenue of $163.90 million for the quarter, compared to analysts’ expectations of $163.95 million. Manchester United had a negative net margin of 0.23% and a positive return on equity of 8.17%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. equities analysts expect that Manchester United will post 0.11 EPS for the current year.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Friday, April 27th will be issued a $0.09 dividend. This represents a yield of 0.0047244094488189%. The ex-dividend date of this dividend is Thursday, April 26th. Manchester United’s dividend payout ratio (DPR) is presently -1,798.20%.

A number of institutional investors and hedge funds have recently made changes to their positions in MANU. Lindsell Train Ltd purchased a new stake in Manchester United in the third quarter worth about $134,421,000. Janus Henderson Group PLC purchased a new stake in Manchester United in the second quarter worth about $19,144,000. Renaissance Technologies LLC grew its holdings in Manchester United by 45.7% in the fourth quarter. Renaissance Technologies LLC now owns 624,887 shares of the company’s stock worth $12,373,000 after purchasing an additional 195,987 shares during the period. Spark Investment Management LLC bought a new position in shares of Manchester United in the fourth quarter worth approximately $1,075,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Manchester United by 5.6% in the fourth quarter. Alliancebernstein L.P. now owns 346,868 shares of the company’s stock worth $6,868,000 after buying an additional 18,508 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

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About Manchester United

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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