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

Manchester United (NYSE:MANUGet Free Report) was upgraded by equities researchers at StockNews.com to a “sell” rating in a note issued to investors on Tuesday.

Separately, UBS Group assumed coverage on Manchester United in a research note on Tuesday, December 17th. They issued a “buy” rating and a $23.00 price objective for the company.

Read Our Latest Research Report on Manchester United

Manchester United Price Performance

MANU stock opened at $15.99 on Tuesday. Manchester United has a 1 year low of $13.50 and a 1 year high of $22.00. The stock has a market capitalization of $2.71 billion, a PE ratio of -24.22 and a beta of 0.66. The company’s 50-day moving average is $17.03 and its 200-day moving average is $16.80. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.36 and a quick ratio of 0.35.

Hedge Funds Weigh In On Manchester United

Institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. bought a new position in Manchester United in the 3rd quarter worth approximately $49,000. Krilogy Financial LLC bought a new position in Manchester United in the 4th quarter valued at $208,000. Verition Fund Management LLC bought a new position in shares of Manchester United in the third quarter worth $209,000. PDT Partners LLC purchased a new stake in shares of Manchester United in the third quarter worth $274,000. Finally, Miracle Mile Advisors LLC boosted its stake in Manchester United by 15.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 16,900 shares of the company’s stock valued at $293,000 after buying an additional 2,300 shares during the period. 23.34% of the stock is owned by institutional investors.

About Manchester United

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Manchester United Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manchester United and related companies with MarketBeat.com's FREE daily email newsletter.