StockNews.com upgraded shares of Manchester United (NYSE:MANU – Free Report) to a sell rating in a research report report published on Wednesday morning.
Separately, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Manchester United from $20.30 to $16.00 and set a hold rating for the company in a research note on Thursday, March 14th.
View Our Latest Analysis on MANU
Manchester United Price Performance
Manchester United (NYSE:MANU – Get Free Report) last posted its earnings results on Tuesday, March 12th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.32. Manchester United had a negative net margin of 1.98% and a negative return on equity of 12.29%. The firm had revenue of $280.37 million for the quarter, compared to analysts’ expectations of $245.09 million. On average, equities analysts predict that Manchester United will post -0.37 earnings per share for the current year.
Institutional Investors Weigh In On Manchester United
Large investors have recently modified their holdings of the stock. Tucker Asset Management LLC purchased a new stake in shares of Manchester United during the 2nd quarter worth approximately $48,000. Citigroup Inc. grew its stake in Manchester United by 4,255.3% in the 1st quarter. Citigroup Inc. now owns 3,310 shares of the company’s stock valued at $48,000 after buying an additional 3,234 shares in the last quarter. Byrne Asset Management LLC grew its stake in Manchester United by 40.1% in the 4th quarter. Byrne Asset Management LLC now owns 2,830 shares of the company’s stock valued at $58,000 after buying an additional 810 shares in the last quarter. Quantbot Technologies LP purchased a new position in Manchester United in the 3rd quarter valued at approximately $59,000. Finally, Tower Research Capital LLC TRC grew its stake in Manchester United by 1,267.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,511 shares of the company’s stock valued at $86,000 after buying an additional 6,035 shares in the last quarter. Hedge funds and other institutional investors own 23.34% of the company’s stock.
About Manchester United
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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