Manchester United PLC (MANU) Given Consensus Recommendation of “Hold” by Brokerages

Manchester United PLC (NYSE:MANU) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $23.33.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of Manchester United from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Thursday, February 21st. Deutsche Bank set a $20.00 price objective on shares of Manchester United and gave the company a “hold” rating in a research report on Wednesday, February 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $26.00 price objective on shares of Manchester United in a research report on Monday, December 17th.

Shares of Manchester United stock traded up $0.15 during trading on Tuesday, hitting $20.29. The company’s stock had a trading volume of 38,132 shares, compared to its average volume of 96,623. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.99 and a quick ratio of 0.98. The firm has a market cap of $852.13 million, a price-to-earnings ratio of 144.93, a PEG ratio of 4.84 and a beta of 0.59. Manchester United has a 52 week low of $16.91 and a 52 week high of $27.70.

Manchester United (NYSE:MANU) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.16. Manchester United had a net margin of 2.53% and a return on equity of 10.14%. The company had revenue of $208.60 million for the quarter, compared to the consensus estimate of $197.27 million. During the same period in the prior year, the firm posted $0.09 EPS. Manchester United’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities analysts anticipate that Manchester United will post 0.2 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 5th. Investors of record on Friday, April 26th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, April 25th. Manchester United’s dividend payout ratio (DPR) is 128.57%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its holdings in shares of Manchester United by 443.9% during the 4th quarter. Acadian Asset Management LLC now owns 1,686 shares of the company’s stock valued at $32,000 after acquiring an additional 1,376 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Manchester United during the 4th quarter valued at about $37,000. Landsberg Bennett & Dubbaneh LLC purchased a new stake in shares of Manchester United during the 4th quarter valued at about $238,000. JPMorgan Chase & Co. boosted its holdings in shares of Manchester United by 34,225.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,730 shares of the company’s stock valued at $309,000 after acquiring an additional 13,690 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Manchester United during the 3rd quarter valued at about $345,000. 87.31% of the stock is currently owned by hedge funds and other institutional investors.

Manchester United Company Profile

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.

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