Manchester United plc (NYSE:MANU - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.74 and traded as high as $17.20. Manchester United shares last traded at $17.17, with a volume of 55,874 shares trading hands.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on MANU shares. UBS Group assumed coverage on shares of Manchester United in a research note on Tuesday, December 17th. They set a "buy" rating and a $23.00 target price for the company. StockNews.com raised Manchester United to a "sell" rating in a research report on Wednesday, December 4th.
Check Out Our Latest Stock Report on Manchester United
Manchester United Stock Up 0.6 %
The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of -26.01 and a beta of 0.68. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 3.25. The firm's 50 day simple moving average is $17.00 and its 200-day simple moving average is $16.75.
Institutional Investors Weigh In On Manchester United
A number of institutional investors have recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. lifted its holdings in Manchester United by 15.9% in the second quarter. Pinnacle Associates Ltd. now owns 1,351,534 shares of the company's stock valued at $21,814,000 after acquiring an additional 185,271 shares during the period. XTX Topco Ltd purchased a new position in shares of Manchester United in the 2nd quarter valued at about $364,000. Nkcfo LLC purchased a new position in shares of Manchester United in the 2nd quarter valued at about $113,000. Gabelli Funds LLC lifted its stake in shares of Manchester United by 10.7% in the second quarter. Gabelli Funds LLC now owns 377,383 shares of the company's stock valued at $6,091,000 after purchasing an additional 36,507 shares during the period. Finally, Ariel Investments LLC boosted its holdings in Manchester United by 50.9% during the second quarter. Ariel Investments LLC now owns 8,007,070 shares of the company's stock worth $129,234,000 after buying an additional 2,700,337 shares in the last quarter. Hedge funds and other institutional investors own 23.34% of the company's stock.
Manchester United Company Profile
(
Get Free Report)
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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