Stock Traders Purchase Large Volume of Put Options on Manchester United (NYSE:MANU)

Manchester United plc (NYSE:MANU - Get Free Report) was the target of some unusual options trading activity on Monday. Investors acquired 6,133 put options on the stock. This represents an increase of 711% compared to the average daily volume of 756 put options.

Manchester United Trading Down 0.1 %

NYSE:MANU traded down $0.02 during trading hours on Tuesday, hitting $16.34. 249,388 shares of the stock were exchanged, compared to its average volume of 208,586. The company's 50 day moving average is $16.69 and its two-hundred day moving average is $16.73. Manchester United has a twelve month low of $13.50 and a twelve month high of $21.92. 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 company has a market capitalization of $2.77 billion, a P/E ratio of -24.75 and a beta of 0.65.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MANU shares. StockNews.com upgraded shares of Manchester United to a "sell" rating in a report on Tuesday, January 21st. UBS Group started coverage on Manchester United in a research report on Tuesday, December 17th. They set a "buy" rating and a $23.00 price objective for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MANU. Fox Run Management L.L.C. bought a new position in shares of Manchester United in the 4th quarter worth $302,000. Quantbot Technologies LP purchased a new stake in Manchester United during the fourth quarter valued at about $156,000. Lancaster Investment Management boosted its holdings in Manchester United by 45.2% during the 4th quarter. Lancaster Investment Management now owns 816,351 shares of the company's stock valued at $14,164,000 after acquiring an additional 254,280 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Manchester United by 129.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock worth $37,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Manchester United by 127.7% in the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock worth $58,000 after buying an additional 1,883 shares during the last quarter. Institutional investors and hedge funds own 23.34% 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. 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.