Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Manchester United from a hold rating to a buy rating and set a $22.00 price target for the company in a research report on Thursday, February 7th. Deutsche Bank set a $20.00 price target on shares of Manchester United and gave the stock a hold rating in a research report on Wednesday, February 20th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Manchester United presently has an average rating of Hold and a consensus price target of $23.25.
Shares of NYSE:MANU traded up $0.04 during trading hours on Wednesday, hitting $19.04. 142,494 shares of the company’s stock traded hands, compared to its average volume of 40,738. Manchester United has a 52 week low of $16.91 and a 52 week high of $27.70. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.11. The firm has a market cap of $765.22 million, a price-to-earnings ratio of 136.00, a price-to-earnings-growth ratio of 4.34 and a beta of 0.62.
Several hedge funds and other institutional investors have recently bought and sold shares of MANU. Acadian Asset Management LLC raised its position in Manchester United by 443.9% during the fourth 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 in the last quarter. Quantamental Technologies LLC bought a new position in Manchester United during the fourth quarter valued at approximately $37,000. Landsberg Bennett & Dubbaneh LLC bought a new position in Manchester United during the fourth quarter valued at approximately $238,000. BlueCrest Capital Management Ltd bought a new position in Manchester United during the first quarter valued at approximately $284,000. Finally, Marshall Wace LLP bought a new position in Manchester United during the third quarter valued at approximately $345,000. 83.70% of the stock is owned by institutional investors and hedge funds.
About Manchester United
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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