Manchester United F.C. (MANU) Downgraded by TheStreet

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Manchester United F.C. (NYSE:MANU) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Thursday, April 12th.
Separately, Zacks Investment Research raised Manchester United F.C. from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $20.50.

Manchester United F.C. stock traded down $0.10 during midday trading on Thursday, reaching $18.50. The stock had a trading volume of 52,876 shares, compared to its average volume of 27,329. The stock has a market capitalization of $747.62, a P/E ratio of 68.52, a PEG ratio of 5.84 and a beta of 0.52. Manchester United F.C. has a twelve month low of $15.86 and a twelve month high of $22.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.

Manchester United F.C. (NYSE:MANU) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.13 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.13. The company had revenue of $163.90 million for the quarter, compared to analysts’ expectations of $163.95 million. Manchester United F.C. had a positive return on equity of 8.17% and a negative net margin of 0.23%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. sell-side analysts predict that Manchester United F.C. will post 0.14 EPS for the current year.
A number of institutional investors have recently made changes to their positions in MANU. Spark Investment Management LLC acquired a new position in Manchester United F.C. in the fourth quarter valued at approximately $1,075,000. Alliancebernstein L.P. boosted its position in shares of Manchester United F.C. by 5.6% during 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 during the period. Two Sigma Investments LP boosted its position in shares of Manchester United F.C. by 29.9% during the fourth quarter. Two Sigma Investments LP now owns 64,942 shares of the company’s stock worth $1,286,000 after buying an additional 14,936 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Manchester United F.C. by 11,269.3% during the third quarter. JPMorgan Chase & Co. now owns 8,527 shares of the company’s stock worth $151,000 after buying an additional 8,452 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Manchester United F.C. by 0.5% during the third quarter. Janus Henderson Group PLC now owns 1,184,228 shares of the company’s stock worth $21,316,000 after buying an additional 6,110 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.
About Manchester United F.C.
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with regional and international companies to leverage its brand.

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