Wall Street Zen upgraded shares of Manchester United (NYSE:MANU - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.
Manchester United Trading Down 1.7%
Shares of Manchester United stock traded down $0.24 on Friday, reaching $13.95. 156,936 shares of the company's stock were exchanged, compared to its average volume of 263,729. The company has a market capitalization of $2.36 billion, a P/E ratio of -13.68 and a beta of 0.59. Manchester United has a 52 week low of $12.05 and a 52 week high of $18.42. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.35 and a current ratio of 0.41. The firm's 50-day moving average is $13.78 and its two-hundred day moving average is $15.17.
Institutional Investors Weigh In On Manchester United
Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in Manchester United by 129.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock valued at $37,000 after purchasing an additional 1,188 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Manchester United by 55.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock valued at $37,000 after buying an additional 758 shares during the period. Blue Trust Inc. increased its position in Manchester United by 127.7% in the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock valued at $58,000 after buying an additional 1,883 shares in the last quarter. Quantbot Technologies LP acquired a new position in Manchester United during the 4th quarter worth approximately $156,000. Finally, National Bank of Canada FI boosted its holdings in Manchester United by 213.1% in the fourth quarter. National Bank of Canada FI now owns 9,686 shares of the company's stock worth $168,000 after acquiring an additional 6,592 shares in the last quarter. 23.34% of the stock is currently owned by institutional investors and hedge funds.
Manchester United Company Profile
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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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