Manchester United Ltd. (NYSE:MANU – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.06 and traded as high as $22.31. Manchester United shares last traded at $21.78, with a volume of 340,200 shares traded.
Wall Street Analyst Weigh In
MANU has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Manchester United from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Weiss Ratings upgraded Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
View Our Latest Report on Manchester United
Manchester United Stock Performance
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of MANU. Gamco Investors INC. ET AL raised its holdings in shares of Manchester United by 110.9% in the first quarter. Gamco Investors INC. ET AL now owns 1,104,738 shares of the company’s stock valued at $18,582,000 after buying an additional 580,887 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of Manchester United during the fourth quarter worth about $6,665,000. Pinnacle Associates Ltd. grew its holdings in shares of Manchester United by 30.4% during the fourth quarter. Pinnacle Associates Ltd. now owns 1,404,151 shares of the company’s stock worth $22,354,000 after buying an additional 327,553 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of Manchester United by 26.2% during the first quarter. Gabelli Funds LLC now owns 619,318 shares of the company’s stock worth $10,417,000 after buying an additional 128,655 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Manchester United by 83.8% in the 3rd quarter. Bank of America Corp DE now owns 243,444 shares of the company’s stock valued at $3,686,000 after acquiring an additional 111,011 shares during the period. 23.34% of the stock is owned by hedge funds and other institutional investors.
Manchester United Company Profile
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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