Manchester United (NYSE:MANU) Sets New 52-Week High – Still a Buy?

Shares of Manchester United Ltd. (NYSE:MANUGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $20.12 and last traded at $19.83, with a volume of 200060 shares traded. The stock had previously closed at $19.23.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Manchester United from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Manchester United currently has a consensus rating of “Sell”.

Get Our Latest Stock Report on Manchester United

Manchester United Trading Up 4.2%

The stock has a 50 day moving average of $17.47 and a 200 day moving average of $16.83. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.32 and a quick ratio of 0.30. The firm has a market cap of $3.46 billion, a P/E ratio of -286.33 and a beta of 0.59.

Manchester United (NYSE:MANUGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $255.92 million for the quarter, compared to the consensus estimate of $251.72 million.

Institutional Trading of Manchester United

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in Manchester United by 65.0% during the first quarter. Royal Bank of Canada now owns 77,687 shares of the company’s stock valued at $1,017,000 after acquiring an additional 30,604 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Manchester United by 156.3% in the 1st quarter. Jane Street Group LLC now owns 28,558 shares of the company’s stock valued at $374,000 after purchasing an additional 79,290 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Manchester United by 10.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 207,731 shares of the company’s stock valued at $3,700,000 after purchasing an additional 20,251 shares in the last quarter. Quantbot Technologies LP grew its holdings 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 valued at $114,000 after purchasing an additional 3,273 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Manchester United by 48.9% in the 2nd quarter. Marshall Wace LLP now owns 283,574 shares of the company’s stock worth $5,050,000 after purchasing an additional 93,111 shares during the period. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Manchester United Company Profile

(Get Free Report)

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.

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