ValuEngine Lowers Manchester United (NYSE:MANU) to Hold

ValuEngine lowered shares of Manchester United (NYSE:MANU) from a buy rating to a hold rating in a research report released on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research downgraded Manchester United from a buy rating to a hold rating in a research note on Thursday, May 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $22.75.

NYSE:MANU traded up $0.02 during trading on Tuesday, reaching $17.22. The company’s stock had a trading volume of 515 shares, compared to its average volume of 52,137. The firm has a market cap of $691.27 million, a price-to-earnings ratio of 123.00, a price-to-earnings-growth ratio of 25.96 and a beta of 0.69. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.09. The firm has a 50 day moving average of $17.49 and a 200-day moving average of $18.64. Manchester United has a 12 month low of $16.68 and a 12 month high of $25.90.

A number of large investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its stake in shares of Manchester United by 38.9% during the 2nd quarter. Wells Fargo & Company MN now owns 12,216 shares of the company’s stock worth $221,000 after acquiring an additional 3,421 shares during the period. Bank of Montreal Can grew its stake in shares of Manchester United by 1,449.3% during the 2nd quarter. Bank of Montreal Can now owns 5,438 shares of the company’s stock worth $98,000 after acquiring an additional 5,087 shares during the period. Geode Capital Management LLC grew its stake in shares of Manchester United by 47.3% during the 4th quarter. Geode Capital Management LLC now owns 18,378 shares of the company’s stock worth $348,000 after acquiring an additional 5,905 shares during the period. Clark Estates Inc. NY grew its stake in shares of Manchester United by 5.9% during the 2nd quarter. Clark Estates Inc. NY now owns 110,450 shares of the company’s stock worth $1,997,000 after acquiring an additional 6,152 shares during the period. Finally, Aperio Group LLC bought a new position in shares of Manchester United during the 2nd quarter worth $116,000. Hedge funds and other institutional investors own 82.70% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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