Stock Traders Purchase High Volume of Manchester United Put Options (NYSE:MANU)

Manchester United plc (NYSE:MANU) was the recipient of unusually large options trading activity on Monday. Traders acquired 6,133 put options on the company. This represents an increase of approximately 711% compared to the typical daily volume of 756 put options.

Hedge Funds Weigh In On Manchester United

Several hedge funds have recently modified their holdings of MANU. EverSource Wealth Advisors LLC increased its holdings in shares of Manchester United by 129.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock worth $37,000 after buying an additional 1,188 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Manchester United in the third quarter valued at $49,000. Blue Trust Inc. grew its stake in shares of Manchester United by 127.7% during the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after acquiring an additional 1,883 shares during the period. R Squared Ltd purchased a new position in Manchester United during the fourth quarter worth about $130,000. Finally, Krilogy Financial LLC bought a new position in Manchester United in the 4th quarter worth about $208,000. Institutional investors own 23.34% of the company’s stock.

Manchester United Stock Up 1.6 %

Manchester United stock opened at $16.34 on Tuesday. The company’s 50 day simple moving average is $16.69 and its 200 day simple moving average is $16.73. Manchester United has a fifty-two week low of $13.50 and a fifty-two week high of $21.92. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.36 and a quick ratio of 0.35. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -24.76 and a beta of 0.65.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group started coverage on Manchester United in a report on Tuesday, December 17th. They issued a “buy” rating and a $23.00 target price for the company. StockNews.com raised shares of Manchester United to a “sell” rating in a report on Tuesday, January 21st.

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.