Manchester United (NYSE:MANU – Get Free Report) was upgraded by equities researchers at StockNews.com to a “sell” rating in a report issued on Monday.
Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Manchester United from $20.30 to $16.00 and set a “hold” rating for the company in a research note on Thursday, March 14th.
Get Our Latest Stock Analysis on Manchester United
Manchester United Stock Up 0.3 %
Manchester United (NYSE:MANU – Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $280.37 million during the quarter, compared to analysts’ expectations of $245.09 million. On average, equities research analysts expect that Manchester United will post -0.37 earnings per share for the current year.
Hedge Funds Weigh In On Manchester United
Hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of Manchester United by 74.1% in the 3rd quarter. Barclays PLC now owns 184,918 shares of the company’s stock worth $3,660,000 after acquiring an additional 78,684 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of 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 valued at $7,401,000 after buying an additional 278,111 shares during the last quarter. Bamco Inc. NY raised its holdings in shares of Manchester United by 57.3% in the third quarter. Bamco Inc. NY now owns 1,169,398 shares of the company’s stock valued at $23,142,000 after buying an additional 426,040 shares during the last quarter. Eminence Capital LP raised its holdings in shares of Manchester United by 7.1% in the third quarter. Eminence Capital LP now owns 4,243,661 shares of the company’s stock valued at $83,982,000 after buying an additional 279,487 shares during the last quarter. Finally, Senvest Management LLC bought a new position in shares of Manchester United in the fourth quarter valued at about $8,487,000. 23.34% of the stock is owned by institutional investors and hedge funds.
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.
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