Manchester United (NYSE:MANU) Stock Rating Upgraded by StockNews.com

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

Separately, Deutsche Bank Aktiengesellschaft cut their target price on shares of Manchester United from $20.30 to $16.00 and set a hold rating for the company in a research report on Thursday, March 14th.

Manchester United Price Performance

Shares of MANU opened at $16.11 on Tuesday. Manchester United has a 1-year low of $13.50 and a 1-year high of $26.00. The stock has a market cap of $2.65 billion, a PE ratio of -146.45 and a beta of 0.69. The firm has a fifty day moving average price of $16.17 and a 200 day moving average price of $17.24. The company has a debt-to-equity ratio of 5.28, a current ratio of 0.37 and a quick ratio of 0.36.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in shares of Manchester United by 912.0% in the 1st quarter. BNP Paribas Financial Markets now owns 2,277 shares of the company’s stock valued at $32,000 after acquiring an additional 2,052 shares during the period. Byrne Asset Management LLC boosted its position in Manchester United by 40.1% in the 4th quarter. Byrne Asset Management LLC now owns 2,830 shares of the company’s stock valued at $58,000 after buying an additional 810 shares during the last quarter. Garner Asset Management Corp purchased a new position in Manchester United in the first quarter valued at about $153,000. Krilogy Financial LLC purchased a new stake in Manchester United during the 1st quarter worth approximately $279,000. Finally, Aigen Investment Management LP acquired a new stake in Manchester United in the fourth quarter valued at $344,000. 23.34% of the stock is currently owned by hedge funds and other 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.