Manchester United Ltd. (NYSE:MANU – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $20.79 and traded as high as $21.17. Manchester United shares last traded at $21.1160, with a volume of 324,395 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Manchester United in a report on Friday, September 11th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Manchester United has a consensus rating of “Sell”.
View Our Latest Research Report on Manchester United
Manchester United Price Performance
The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of -62.36 and a beta of 0.65. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 3.84. The company’s 50 day moving average is $21.39 and its 200 day moving average is $20.82.
Manchester United (NYSE:MANU – Get Free Report) last released its quarterly earnings data on Wednesday, September 23rd. The company reported ($0.22) earnings per share (EPS) 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 the consensus estimate of $192.23 million. Manchester United had a negative net margin of 6.36% and a negative return on equity of 12.22%.
Institutional Trading of Manchester United
Institutional investors and hedge funds have recently made changes to their positions in the company. Krilogy Financial LLC increased its position in Manchester United by 6.3% during the third quarter. Krilogy Financial LLC now owns 50,987 shares of the company’s stock worth $1,062,000 after buying an additional 3,021 shares during the period. Squarepoint Ops LLC purchased a new stake in Manchester United in the second quarter valued at approximately $203,000. Ancora Advisors LLC purchased a new stake in Manchester United in the second quarter valued at approximately $115,000. Alpine Woods Capital Investors LLC lifted its stake in Manchester United by 5.3% in the first quarter. Alpine Woods Capital Investors LLC now owns 13,450 shares of the company’s stock valued at $226,000 after buying an additional 674 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Manchester United by 13.7% in the first quarter. Janus Henderson Group PLC now owns 645,790 shares of the company’s stock valued at $10,862,000 after acquiring an additional 77,804 shares during the period. 23.34% of the stock is owned by hedge funds and other institutional investors.
About Manchester United
Manchester United plc owns and operates Manchester United Football Club, one of the world’s best-known professional soccer organizations. The club fields men’s, women’s and academy teams and competes in English football competitions, with its men’s team playing home matches at Old Trafford in Manchester, England.
The company’s business activities include matchday operations, broadcasting and media rights, commercial partnerships, sponsorships, licensing, merchandising and retail. It generates global engagement through live events, digital content, the club’s media channels and the sale of official team apparel and other branded products.
Founded in 1878 as Newton Heath, the club adopted the Manchester United name in 1902.
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