Manchester United (NYSE:MANU – Get Rating) will post its quarterly earnings results before the market opens on Thursday, September 22nd. Analysts expect Manchester United to post earnings of ($0.14) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Manchester United Price Performance
Shares of MANU stock opened at $14.68 on Thursday. Manchester United has a 52-week low of $10.41 and a 52-week high of $20.86. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market capitalization of $775.03 million, a P/E ratio of -11.38 and a beta of 0.63. The stock has a 50 day moving average price of $12.41 and a 200 day moving average price of $12.75.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. raised its position in shares of Manchester United by 4,255.3% in the 1st quarter. Citigroup Inc. now owns 3,310 shares of the company’s stock valued at $48,000 after purchasing an additional 3,234 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Manchester United by 27.4% in the 1st quarter. Federated Hermes Inc. now owns 135,000 shares of the company’s stock valued at $1,953,000 after purchasing an additional 29,000 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Manchester United by 6.3% in the 1st quarter. Gabelli Funds LLC now owns 218,000 shares of the company’s stock valued at $3,154,000 after purchasing an additional 13,000 shares during the last quarter. Northern Trust Corp raised its position in shares of Manchester United by 37.0% in the 1st quarter. Northern Trust Corp now owns 126,776 shares of the company’s stock valued at $1,835,000 after purchasing an additional 34,235 shares during the last quarter. Finally, Ariel Investments LLC raised its position in shares of Manchester United by 12.4% in the 1st quarter. Ariel Investments LLC now owns 12,289,486 shares of the company’s stock valued at $177,829,000 after purchasing an additional 1,355,427 shares during the last quarter. 76.52% of the stock is currently owned by institutional investors.
About Manchester United
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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