Shares of Manchester United Ltd. (NYSE:MANU – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $20.51, but opened at $19.35. Manchester United shares last traded at $19.9230, with a volume of 67,329 shares trading hands.
Wall Street Analysts Forecast Growth
MANU has been the subject of several research reports. Wall Street Zen upgraded Manchester United from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Manchester United in a research report on Friday, September 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Stock Analysis on Manchester United
Manchester United Price Performance
Manchester United (NYSE:MANU – Get Free Report) last issued its earnings results on Wednesday, September 23rd. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.18. The company had revenue of $208.66 million during the quarter, compared to analysts’ expectations of $192.23 million. Manchester United had a positive return on equity of 0.64% and a negative net margin of 2.67%.
Institutional Trading of Manchester United
Institutional investors have recently bought and sold shares of the company. Breach Inlet Capital Management LLC lifted its holdings in shares of Manchester United by 3.5% during the fourth quarter. Breach Inlet Capital Management LLC now owns 1,223,216 shares of the company’s stock valued at $19,474,000 after purchasing an additional 41,933 shares in the last quarter. Gamco Investors INC. ET AL raised its position in 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 worth $18,582,000 after acquiring an additional 580,887 shares during the period. Janus Henderson Group PLC raised its holdings in Manchester United by 13.7% in the 1st quarter. Janus Henderson Group PLC now owns 645,790 shares of the company’s stock worth $10,862,000 after purchasing an additional 77,804 shares during the period. Gabelli Funds LLC lifted its position in shares of Manchester United by 26.2% during the 1st quarter. Gabelli Funds LLC now owns 619,318 shares of the company’s stock valued at $10,417,000 after buying an additional 128,655 shares in the last quarter. Finally, CI Investments Inc. raised its stake in Manchester United by 5.7% during the 1st quarter. CI Investments Inc. now owns 420,282 shares of the company’s stock worth $7,069,000 after acquiring an additional 22,554 shares during the period. 23.34% of the stock is owned by hedge funds and other institutional investors.
About Manchester United
Manchester United plc (NYSE:MANU) is a professional sports and entertainment company centered on Manchester United Football Club, one of England’s most prominent soccer clubs. The club operates men’s and women’s first teams, a youth academy, and related football development programs. Its teams compete primarily in English and European competitions, with home matches played at Old Trafford in Manchester, England.
The company generates revenue through matchday activities, global broadcasting and media rights, commercial partnerships and sponsorships, retail merchandise, licensing, hospitality, and other club-related services.
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