Manchester United (NYSE:MANU) Rating Increased to Sell at StockNews.com

Manchester United (NYSE:MANU) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research note issued to investors on Tuesday.

Separately, Deutsche Bank Aktiengesellschaft dropped their price target on Manchester United from $20.30 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, March 14th.

Manchester United Price Performance

Shares of NYSE MANU opened at $16.16 on Tuesday. The company has a debt-to-equity ratio of 5.28, a quick ratio of 0.36 and a current ratio of 0.37. Manchester United has a fifty-two week low of $13.50 and a fifty-two week high of $26.00. The firm has a market capitalization of $2.66 billion, a PE ratio of -146.91 and a beta of 0.69. The stock’s 50-day simple moving average is $16.14 and its 200-day simple moving average is $17.24.

Institutional Investors Weigh In On Manchester United

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its position in Manchester United by 912.0% during the first 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 grew its position in Manchester United by 40.1% during the fourth quarter. Byrne Asset Management LLC now owns 2,830 shares of the company’s stock valued at $58,000 after acquiring an additional 810 shares during the period. Garner Asset Management Corp purchased a new stake in Manchester United during the first quarter valued at about $153,000. Krilogy Financial LLC purchased a new stake in Manchester United during the first quarter valued at about $279,000. Finally, Aigen Investment Management LP purchased a new stake in Manchester United during the fourth quarter valued at about $344,000. Hedge funds and other institutional investors own 23.34% of the company’s stock.

About Manchester United

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.