Manchester United (NYSE:MANU) Rating Increased to Sell at StockNews.com

Manchester United (NYSE:MANU - Get Free Report) was upgraded by investment analysts at StockNews.com to a "sell" rating in a research note issued on Wednesday.

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective 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 Price Performance

MANU traded down $0.02 on Wednesday, hitting $14.89. 230,386 shares of the company's stock traded hands, compared to its average volume of 1,600,946. Manchester United has a one year low of $13.50 and a one year high of $26.64. The company's 50 day simple moving average is $16.00 and its 200-day simple moving average is $18.16. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 5.28. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -135.32 and a beta of 0.76.

Manchester United (NYSE:MANU - Get Free Report) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $0.14 earnings per share 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 company had revenue of $280.37 million for the quarter, compared to analysts' expectations of $245.09 million. As a group, research analysts anticipate that Manchester United will post -0.37 EPS for the current year.

Institutional Trading of Manchester United

Large investors have recently made changes to their positions in the business. Tucker Asset Management LLC acquired a new position in Manchester United during the second quarter valued at $48,000. Citigroup Inc. lifted its holdings in shares of 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 during the period. Byrne Asset Management LLC boosted its stake in shares of Manchester United by 40.1% in the fourth quarter. Byrne Asset Management LLC now owns 2,830 shares of the company's stock worth $58,000 after buying an additional 810 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Manchester United during the third quarter worth about $59,000. Finally, Tower Research Capital LLC TRC raised its position in Manchester United by 1,267.9% during the third quarter. Tower Research Capital LLC TRC now owns 6,511 shares of the company's stock valued at $86,000 after acquiring an additional 6,035 shares in the last quarter. 23.34% of the stock is owned by hedge funds and other institutional investors.

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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