Manchester United (NYSE:MANU) Reaches New 12-Month High at $17.49

Shares of Manchester United plc (NYSE:MANUGet Rating) reached a new 52-week high during trading on Wednesday . The company traded as high as $17.49 and last traded at $17.08, with a volume of 103259 shares traded. The stock had previously closed at $14.94.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Manchester United in a research report on Wednesday, October 12th. They set a “sell” rating on the stock.

Manchester United Price Performance

The company has a current ratio of 0.48, a quick ratio of 0.47 and a debt-to-equity ratio of 4.16. The business’s fifty day moving average is $13.39 and its 200 day moving average is $12.67. The firm has a market capitalization of $3.10 billion, a P/E ratio of -20.43 and a beta of 0.57.

Manchester United (NYSE:MANUGet Rating) last released its earnings results on Thursday, September 22nd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). Manchester United had a negative return on equity of 22.28% and a negative net margin of 19.22%. The business had revenue of $148.93 million during the quarter, compared to the consensus estimate of $187.50 million. As a group, analysts forecast that Manchester United plc will post -0.44 EPS for the current year.

Institutional Trading of Manchester United

A number of hedge funds and other institutional investors have recently made changes to their positions in MANU. Great Lakes Advisors LLC raised its holdings in shares of Manchester United by 5.8% in the 1st quarter. Great Lakes Advisors LLC now owns 203,696 shares of the company’s stock worth $2,947,000 after purchasing an additional 11,136 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Manchester United in the first quarter worth approximately $180,000. Delta Investment Management LLC increased its position in shares of Manchester United by 34.9% in the first quarter. Delta Investment Management LLC now owns 54,536 shares of the company’s stock worth $789,000 after acquiring an additional 14,105 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Manchester United by 2.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,256,228 shares of the company’s stock worth $47,118,000 after acquiring an additional 89,361 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Manchester United by 3.4% in the first quarter. Private Advisor Group LLC now owns 148,741 shares of the company’s stock worth $2,152,000 after acquiring an additional 4,909 shares in the last quarter. 76.52% of the stock is currently owned by institutional investors.

About Manchester United

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Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.

Further Reading

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