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

Shares of Manchester United PLC (NYSE:MANU) have received an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $23.33.

A number of research firms have weighed in on MANU. ValuEngine downgraded shares of Manchester United from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Zacks Investment Research downgraded shares of Manchester United from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Deutsche Bank set a $20.00 price target on shares of Manchester United and gave the stock a “hold” rating in a research note on Wednesday, February 20th.

Several hedge funds have recently modified their holdings of MANU. Acadian Asset Management LLC raised its stake in shares of Manchester United by 443.9% in 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 period. Quantamental Technologies LLC purchased a new position in shares of Manchester United in the 4th quarter valued at $37,000. Landsberg Bennett & Dubbaneh LLC purchased a new position in shares of Manchester United in the 4th quarter valued at $238,000. BlueCrest Capital Management Ltd purchased a new position in shares of Manchester United in the 1st quarter valued at $284,000. Finally, Marshall Wace LLP purchased a new position in shares of Manchester United in the 3rd quarter valued at $345,000. 83.70% of the stock is currently owned by institutional investors and hedge funds.

NYSE:MANU traded down $0.49 during trading hours on Wednesday, reaching $18.55. 40,500 shares of the company were exchanged, compared to its average volume of 63,234. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.11. The company has a market cap of $765.31 million, a P/E ratio of 132.50, a P/E/G ratio of 4.35 and a beta of 0.62. Manchester United has a 52-week low of $16.91 and a 52-week high of $27.70.

Manchester United (NYSE:MANU) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.10. The company had revenue of $152.10 million for the quarter, compared to the consensus estimate of $156.97 million. Manchester United had a net margin of 3.67% and a return on equity of 13.56%. Manchester United’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) earnings per share. Research analysts forecast that Manchester United will post 0.2 earnings per share for the current fiscal year.

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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