Manchester United PLC (MANU) Research Coverage Started at Gabelli
Gabelli assumed coverage on shares of Manchester United PLC (NYSE:MANU) in a note issued to investors on Monday. The firm set a “buy” rating and a $23.40 price target on the stock. Gabelli’s target price would indicate a potential upside of 47.54% from the company’s current price.
Other research analysts have also issued research reports about the company. Jefferies Group lowered their price objective on Manchester United PLC from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, August 16th. Zacks Investment Research lowered Manchester United PLC from a “hold” rating to a “strong sell” rating in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Manchester United PLC currently has a consensus rating of “Hold” and an average target price of $20.92.
Manchester United PLC (NYSE:MANU) traded up 0.25% during midday trading on Monday, hitting $15.90. The company had a trading volume of 2,727 shares. The company’s 50 day moving average is $16.86 and its 200-day moving average is $16.27. Manchester United PLC has a one year low of $13.30 and a one year high of $19.74. The company has a market cap of $2.61 billion, a P/E ratio of 56.58 and a beta of 0.43.
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Manchester United PLC (NYSE:MANU) last posted 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. The firm had revenue of $134.50 million for the quarter. Manchester United PLC had a return on equity of 8.39% and a net margin of 7.23%. Manchester United PLC’s quarterly revenue was up 27.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. On average, equities analysts predict that Manchester United PLC will post $5.40 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Lomas Capital Management LLC raised 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 period. Citadel Advisors LLC acquired a new stake in Manchester United PLC during the second quarter worth about $243,000. Janus Capital Management LLC raised 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 period. Roundview Capital LLC raised 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 period. Finally, Chesapeake Asset Management LLC acquired a new stake in Manchester United PLC during the second quarter worth about $452,000. 72.10% of the stock is currently owned by hedge funds and other institutional investors.
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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