Manchester United (NYSE:MANU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Manchester United (NYSE:MANU) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Manchester United Price Performance

Shares of Manchester United stock opened at $14.09 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62. The company has a market cap of $2.39 billion, a PE ratio of -13.81 and a beta of 0.59. The business has a 50 day moving average of $13.76 and a 200 day moving average of $15.18. Manchester United has a 52 week low of $12.05 and a 52 week high of $18.42.

Hedge Funds Weigh In On Manchester United

A number of hedge funds and other institutional investors have recently made changes to their positions in MANU. Blue Trust Inc. raised its holdings in shares of Manchester United by 186.9% during 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 in the last quarter. Bleakley Financial Group LLC grew its stake in Manchester United by 23.8% in the fourth quarter. Bleakley Financial Group LLC now owns 23,992 shares of the company’s stock worth $416,000 after purchasing an additional 4,606 shares during the period. EverSource Wealth Advisors LLC grew its stake in 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 period. Lancaster Investment Management grew its stake in Manchester United by 45.2% in the fourth quarter. Lancaster Investment Management now owns 816,351 shares of the company’s stock worth $14,164,000 after purchasing an additional 254,280 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Manchester United in the fourth quarter worth $156,000. 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.