Shares of Manchester United plc (NYSE:MANU - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.79 and traded as high as $16.89. Manchester United shares last traded at $16.59, with a volume of 167,233 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. UBS Group initiated coverage on shares of Manchester United in a report on Tuesday, December 17th. They issued a "buy" rating and a $23.00 price objective for the company. StockNews.com raised Manchester United to a "sell" rating in a report on Wednesday, December 4th.
View Our Latest Stock Report on Manchester United
Manchester United Stock Down 2.7 %
The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 3.25. The business has a fifty day simple moving average of $17.20 and a two-hundred day simple moving average of $16.79. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -24.48 and a beta of 0.66.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Ariel Investments LLC grew its holdings in shares of Manchester United by 50.9% during the 2nd quarter. Ariel Investments LLC now owns 8,007,070 shares of the company's stock worth $129,234,000 after purchasing an additional 2,700,337 shares in the last quarter. Harvey Partners LLC raised its holdings in shares of Manchester United by 156.9% during the 3rd quarter. Harvey Partners LLC now owns 740,000 shares of the company's stock worth $11,973,000 after buying an additional 452,000 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Manchester United by 24.5% during the 3rd quarter. Janus Henderson Group PLC now owns 614,965 shares of the company's stock worth $9,950,000 after buying an additional 121,211 shares during the last quarter. Lancaster Investment Management acquired a new stake in Manchester United in the third quarter valued at about $9,094,000. Finally, Gabelli Funds LLC grew its position in 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 acquiring an additional 36,507 shares during the last quarter. 23.34% of the stock is currently owned by institutional investors and hedge funds.
About Manchester United
(
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.
Read More
Before you consider Manchester United, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manchester United wasn't on the list.
While Manchester United currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
