Manchester United Ltd. (MANU) Cut to “Hold” at BidaskClub

Manchester United Ltd. (NYSE:MANU) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday, July 31st.

A number of other research analysts have also issued reports on MANU. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 target price on shares of Manchester United in a research report on Monday, April 3rd. Zacks Investment Research downgraded Manchester United from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $19.00 target price (up from $18.00) on shares of Manchester United in a research report on Friday, May 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.85.

Shares of Manchester United (NYSE MANU) traded down 1.21% on Monday, reaching $16.35. 26,758 shares of the company were exchanged. The firm has a 50 day moving average price of $16.78 and a 200-day moving average price of $16.55. Manchester United has a 12-month low of $14.10 and a 12-month high of $18.30. The stock has a market capitalization of $2.68 billion, a PE ratio of 147.30 and a beta of 0.53.

Manchester United (NYSE:MANU) last issued its quarterly earnings data on Tuesday, May 16th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). Manchester United had a net margin of 2.51% and a return on equity of 4.36%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $119.67 million. During the same quarter last year, the company earned $0.07 EPS. The business’s revenue was up 931.8% on a year-over-year basis. On average, analysts predict that Manchester United will post $16.02 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in MANU. State Street Corp raised its stake in shares of Manchester United by 0.9% in the second quarter. State Street Corp now owns 43,138 shares of the company’s stock valued at $701,000 after buying an additional 395 shares in the last quarter. Morgan Stanley raised its stake in Manchester United by 1.1% in the first quarter. Morgan Stanley now owns 177,295 shares of the company’s stock worth $2,997,000 after buying an additional 1,868 shares during the period. Gabelli Funds LLC raised its stake in Manchester United by 6.9% in the first quarter. Gabelli Funds LLC now owns 31,000 shares of the company’s stock worth $524,000 after buying an additional 2,000 shares during the period. Clark Estates Inc. NY raised its stake in Manchester United by 3.0% in the second quarter. Clark Estates Inc. NY now owns 79,298 shares of the company’s stock worth $1,289,000 after buying an additional 2,300 shares during the period. Finally, Roundview Capital LLC raised its stake in Manchester United by 6.3% in the first quarter. Roundview Capital LLC now owns 47,875 shares of the company’s stock worth $809,000 after buying an additional 2,850 shares during the period. Hedge funds and other institutional investors own 73.12% of the company’s stock.

About Manchester United

Manchester United plc is engaged in the operation of a professional football club together with related and ancillary activities. Its football operations primarily comprise various activities, such as its first team, reserve team, youth academy, global scouting networks and other operations, such as its sport science, medical and fitness operations at the Aon Training Complex.

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