Manchester United Ltd. (NYSE:MANU)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group LLC in a research report issued to clients and investors on Monday. They presently have a $19.00 price objective on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 16.92% from the company’s current price.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Manchester United from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, May 18th. Deutsche Bank AG restated a “buy” rating and issued a $19.00 price objective (up from $18.00) on shares of Manchester United in a report on Friday, May 19th.

Shares of Manchester United (NYSE:MANU) opened at 16.25 on Monday. Manchester United has a one year low of $14.10 and a one year high of $17.80. The company has a 50-day moving average of $16.55 and a 200 day moving average of $16.17. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 150.46 and a beta of 0.52.

Manchester United (NYSE:MANU) last issued its quarterly earnings results on Tuesday, May 16th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). Manchester United had a return on equity of 4.36% and a net margin of 2.51%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $119.67 million. During the same period last year, the company earned $0.07 EPS. The firm’s quarterly revenue was up 931.8% on a year-over-year basis. Equities research analysts forecast that Manchester United will post $14.43 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in MANU. Alliancebernstein L.P. increased its stake in shares of Manchester United by 118.7% in the first quarter. Alliancebernstein L.P. now owns 313,760 shares of the company’s stock valued at $5,303,000 after buying an additional 170,273 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Manchester United by 47.8% in the fourth quarter. Renaissance Technologies LLC now owns 382,700 shares of the company’s stock valued at $5,453,000 after buying an additional 123,780 shares during the last quarter. Norman Fields Gottscho Capital Management LLC increased its stake in shares of Manchester United by 110.7% in the first quarter. Norman Fields Gottscho Capital Management LLC now owns 161,525 shares of the company’s stock valued at $2,730,000 after buying an additional 84,875 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Manchester United during the first quarter valued at approximately $717,000. Finally, Two Sigma Investments LP increased its stake in shares of Manchester United by 295.0% in the fourth quarter. Two Sigma Investments LP now owns 41,736 shares of the company’s stock valued at $595,000 after buying an additional 31,169 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

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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