Manchester United (NYSE:MANU – Get 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
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
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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