Manchester United (NYSE:MANU) Upgraded at StockNews.com

StockNews.com upgraded shares of Manchester United (NYSE:MANU) to a sell rating in a report issued on Tuesday morning.

Separately, UBS Group started coverage on shares of Manchester United in a research note on Tuesday, December 17th. They issued a “buy” rating and a $23.00 target price on the stock.

Manchester United Stock Performance

Shares of NYSE MANU opened at $16.22 on Tuesday. The stock’s fifty day simple moving average is $16.95 and its 200 day simple moving average is $16.79. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 3.25. Manchester United has a 52-week low of $13.50 and a 52-week high of $22.00. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of -24.58 and a beta of 0.66.

Institutional Investors Weigh In On Manchester United

Several large investors have recently modified their holdings of MANU. R Squared Ltd acquired a new position in shares of Manchester United during the fourth quarter worth about $130,000. Blue Trust Inc. boosted its position in shares of Manchester United by 186.9% in the fourth quarter. Blue Trust Inc. now owns 4,232 shares of the company’s stock valued at $68,000 after acquiring an additional 2,757 shares during the period. Krilogy Financial LLC bought a new position in Manchester United during the fourth quarter worth about $208,000. Miracle Mile Advisors LLC raised its stake in Manchester United by 15.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 16,900 shares of the company’s stock worth $293,000 after purchasing an additional 2,300 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Manchester United by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 59,335 shares of the company’s stock valued at $960,000 after buying an additional 16,991 shares in the last quarter. 23.34% of the stock is currently owned by institutional investors.

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.