Manchester United (NYSE:MANU) Hits New 12-Month High – Here’s What Happened

Manchester United Ltd. (NYSE:MANU) shares reached a new 52-week high during trading on Monday . The stock traded as high as $18.43 and last traded at $18.46, with a volume of 164503 shares changing hands. The stock had previously closed at $17.37.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Manchester United from a “sell” rating to a “hold” rating in a research note on Saturday, May 31st.

Manchester United Trading Up 1.3%

The stock has a market capitalization of $3.26 billion, a P/E ratio of -39.24 and a beta of 0.59. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.39 and a quick ratio of 0.37. The business’s 50 day simple moving average is $14.91 and its 200-day simple moving average is $15.16.

Manchester United (NYSE:MANU) last announced its quarterly earnings data on Friday, June 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.29. Manchester United had a negative net margin of 10.09% and a negative return on equity of 22.40%. The firm had revenue of $203.10 million for the quarter, compared to analysts’ expectations of $159.13 million. During the same period last year, the firm earned ($0.24) earnings per share. As a group, analysts forecast that Manchester United Ltd. will post -0.74 EPS for the current year.

Hedge Funds Weigh In On Manchester United

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Manchester United by 55.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company’s stock worth $37,000 after purchasing an additional 758 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Manchester United by 7.7% during the first quarter. Vident Advisory LLC now owns 14,578 shares of the company’s stock worth $191,000 after purchasing an additional 1,043 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 1,188 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Manchester United by 127.7% during the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after purchasing an additional 1,883 shares in the last quarter. Finally, PDT Partners LLC boosted its position in shares of Manchester United by 38.3% during the fourth quarter. PDT Partners LLC now owns 23,446 shares of the company’s stock worth $407,000 after purchasing an additional 6,494 shares in the last quarter. 23.34% of the stock is owned by institutional investors.

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.