Wall Street Zen Upgrades Manchester United (NYSE:MANU) to Sell

Manchester United (NYSE:MANU) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Manchester United in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Manchester United has an average rating of “Sell”.

Manchester United Stock Down 1.8%

Shares of NYSE:MANU opened at $17.57 on Monday. Manchester United has a 12 month low of $13.22 and a 12 month high of $19.65. The company’s 50-day moving average price is $17.22 and its two-hundred day moving average price is $16.70. The company has a quick ratio of 0.30, a current ratio of 0.32 and a debt-to-equity ratio of 2.52. The firm has a market cap of $3.03 billion, a P/E ratio of -250.96 and a beta of 0.58.

Manchester United (NYSE:MANU) last announced its earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). Manchester United had a negative return on equity of 4.85% and a negative net margin of 1.39%.The company had revenue of $255.92 million during the quarter, compared to the consensus estimate of $251.72 million.

Institutional Trading of Manchester United

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MANU. Raymond James Financial Inc. acquired a new position in Manchester United during the 2nd quarter valued at about $29,000. Quarry LP bought a new position in shares of Manchester United in the 4th quarter valued at about $30,000. Garner Asset Management Corp acquired a new stake in shares of Manchester United during the 4th quarter worth approximately $97,000. Quantbot Technologies LP grew its position in shares of Manchester United by 105.3% during the 2nd quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock worth $114,000 after buying an additional 3,273 shares during the period. Finally, Orion Porfolio Solutions LLC bought a new stake in shares of Manchester United during the second quarter worth approximately $179,000. 23.34% of the stock is currently owned by institutional investors and hedge funds.

About Manchester United

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.