StockNews.com upgraded shares of Manchester United (NYSE:MANU – Free Report) to a sell rating in a report released on Tuesday morning.
Separately, Deutsche Bank Aktiengesellschaft lowered their price objective on Manchester United from $20.30 to $16.00 and set a hold rating on the stock in a research report on Thursday, March 14th.
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Manchester United Trading Down 1.0 %
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Eminence Capital LP lifted its position in shares of Manchester United by 14.8% during the 4th quarter. Eminence Capital LP now owns 4,870,944 shares of the company’s stock valued at $99,270,000 after buying an additional 627,283 shares in the last quarter. Bamco Inc. NY raised its stake in Manchester United by 57.3% in the 3rd quarter. Bamco Inc. NY now owns 1,169,398 shares of the company’s stock valued at $23,142,000 after purchasing an additional 426,040 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in Manchester United by 21.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,166,263 shares of the company’s stock valued at $16,281,000 after purchasing an additional 202,702 shares during the last quarter. Segantii Capital Management Ltd acquired a new position in Manchester United in the 4th quarter valued at $17,527,000. Finally, CI Investments Inc. raised its stake in Manchester United by 37.7% in the 3rd quarter. CI Investments Inc. now owns 666,816 shares of the company’s stock valued at $13,196,000 after purchasing an additional 182,471 shares during the last quarter. Hedge funds and other institutional investors 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.
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