Manchester United (NYSE:MANU) Upgraded at StockNews.com

Manchester United (NYSE:MANU) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued on Monday.

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Manchester United from $20.30 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, March 14th.

Manchester United Trading Up 2.2 %

MANU opened at $15.88 on Monday. The company has a debt-to-equity ratio of 5.28, a quick ratio of 0.36 and a current ratio of 0.37. The stock’s 50 day moving average price is $14.75 and its 200-day moving average price is $17.66. Manchester United has a one year low of $13.50 and a one year high of $26.64. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -144.36 and a beta of 0.70.

Manchester United (NYSE:MANU) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.32. Manchester United had a negative return on equity of 12.29% and a negative net margin of 1.98%. The company had revenue of $280.37 million for the quarter, compared to the consensus estimate of $245.09 million. On average, equities analysts forecast that Manchester United will post -0.37 EPS for the current year.

Institutional Trading of Manchester United

Institutional investors and hedge funds have recently made changes to their positions in the company. Segantii Capital Management Ltd bought a new position in Manchester United during the 4th quarter worth about $17,527,000. Eminence Capital LP lifted its position in shares of Manchester United by 14.8% in the 4th quarter. Eminence Capital LP now owns 4,870,944 shares of the company’s stock worth $99,270,000 after purchasing an additional 627,283 shares during the period. Bamco Inc. NY boosted its stake in shares of Manchester United by 57.3% during the third quarter. Bamco Inc. NY now owns 1,169,398 shares of the company’s stock valued at $23,142,000 after purchasing an additional 426,040 shares in the last quarter. Senvest Management LLC purchased a new position in Manchester United during the fourth quarter valued at approximately $8,487,000. Finally, Adage Capital Partners GP L.L.C. raised its stake in Manchester United by 290.1% in the third quarter. Adage Capital Partners GP L.L.C. now owns 373,964 shares of the company’s stock worth $7,401,000 after buying an additional 278,111 shares in the last quarter. 23.34% of the stock is currently owned by institutional investors.

Manchester United Company Profile

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.