Manchester United Ltd. (MANU) Rating Reiterated by Jefferies Group LLC
Manchester United Ltd. (NYSE:MANU)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group LLC in a research report issued on Friday. They currently have a $19.00 price objective on the stock. Jefferies Group LLC’s target price points to a potential upside of 14.46% from the stock’s current price.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Manchester United from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Deutsche Bank AG reiterated a “buy” rating and issued a $19.00 target price (up from $18.00) on shares of Manchester United in a report on Friday, May 19th.
Shares of Manchester United (NYSE MANU) traded up 2.79% during mid-day trading on Friday, hitting $16.60. 2,465,140 shares of the company’s stock traded hands. Manchester United has a 1-year low of $14.10 and a 1-year high of $17.80. The stock has a 50 day moving average price of $16.55 and a 200-day moving average price of $16.17. The stock has a market cap of $2.72 billion, a P/E ratio of 149.55 and a beta of 0.52.
Manchester United (NYSE:MANU) last announced its quarterly earnings data on Tuesday, May 16th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate 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 revenue was up 931.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. Equities research analysts anticipate that Manchester United will post $15.95 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position 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. Two Sigma Investments LP boosted its position 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. Norman Fields Gottscho Capital Management LLC boosted its position 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. Gabelli Funds LLC boosted 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, Oxford Asset Management boosted 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. Institutional investors 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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